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Industrial Organization in the Digital Economy Era:Evolution and Effects

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Advances in digital technology and vast data applications have resulted in the emergence of the digital economy paradigm,which is a new techno-economic paradigm for the digital economy age.Under this paradigm,the industrial organization has shifted toward networked,platform-based,boundaryless,and integrated development with new characteristics.Specifically,there has been a fierce"positional arms race"fueled by financial capital,accelerating the growth of platform companies.The"hierarchical monopolistic competition"market structure has taken shape,resulting in a"coexistence without disruption"monopolistic competition.As platform businesses expand into new business sectors,competition among industrial ecosystems intensifies.Data and algorithms have become secret weapons for corporate success,allowing platform companies to expand their monopolistic forces.Industrial organization in the digital era has revolutionized the operating rules and logic of industrial economy,giving rise to new industries,business models,and paradigms,as well as being conducive to international cooperation and intelligent regulation.Meanwhile,it has introduced new challenges to socioeconomic development,making platform companies'anti-competitive and monopolistic behaviors more implicit,privacy and security concerns more conspicuous,and antitrust identification and investigation more difficult.The government should embrace the evolving trends of industrial organization in the digital economy era,accelerate regulatory transition,and strengthen governance and regulation under the digital economy paradigm.

Digital economyevolution of industrial organizationplatform companiesgovernance and regulation

Guo Chaoxian、Hui Wei

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Institute of Industrial Economics(IIE),Chinese Academy of Social Sciences(CASS),Beijing,China

National Social Science Fund of China(NSSFC)Thinktank Project for Industrial and Regional Development of the Chinese Academy of Social Sciences(CASS)Key Discipline of the Peak Strategy of CASS(Regional Economics)

21CJL027GJSZKB202312DF2023ZD24

2024

10.19602/j.chinaeconomist.2024.07.02

中国经济学人(英文版)

中国经济学人(英文版)

ISSN：
年,卷(期)：2024.19(4)
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