Promises and paradoxes of the sharing economy: An organizing framework

Editorial: Platforms and Ecosystems

“…In this platform economy, incumbents as well as startups face challenges as they strive for a platform strategy, requiring them to develop new business models (Eloranta & Turunen, 2016;Parker et al, 2016). Regulators are not exempt from new challenges brought about by the platform economy either (Acquier et al, 2017;Murillo et al, 2017). For example, cross-industry or convergent innovation that accompanies ecosystem creation can result in higher levels of uncertainty and risk for all stakeholders concerned (Enkel & Heil, 2014;Mason et al, 2013).…”

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“…In this platform economy, incumbents as well as startups face challenges as they strive for a platform strategy, requiring them to develop new business models (Eloranta & Turunen, 2016;. Regulators are not exempt from new challenges brought about by the platform economy either (Acquier et al, 2017;Murillo et al, 2017). For example, cross-industry or convergent innovation that accompanies ecosystem creation can result in higher levels of uncertainty and risk for all stakeholders concerned (Enkel & Heil, 2014;Mason et al, 2013).…”

“…Platforms have production, innovation, and transaction leverage, meaning they can use resources more efficiently and generate value through network effects (Thomas et al, 2014). Platforms necessitate the rethinking of strategies and business models (Eloranta & Turunen, 2016;Evans, 2003;, and they pose new challenges for regulators (Acquier et al, 2017;Edelman & Geradin, 2015;Murillo et al, 2017).…”

“…Their motivation emerges from the finding that digital platform businesses are growing faster than other companies in the market. The platform economy both threatens to disrupt industries and promises new and rapidly growing markets (Acquier et al, 2017).…”

Anticipating Alternative Futures for the Platform Economy

“…Platforms have production, innovation, and transaction leverage, meaning they can use resources more efficiently and generate value through network effects (Thomas et al, 2014). Platforms necessitate the rethinking of strategies and business models (Eloranta & Turunen, 2016;Evans, 2003;Parker et al, 2016), and they pose new challenges for regulators (Acquier et al, 2017;Edelman & Geradin, 2015;Murillo et al, 2017).…”