The power of today’s tech giants has prompted calls for changes in antitrust law and policy which, for decades, has been exceedingly permissive in merger enforcement and in constraining dominant firm conduct. Economically, the fear is that the largest digital platforms are so dominant and its...

We explore the consequence of quality unpredictability for the welfare benefit of new products, using recent developments in recorded music as our context. Digitization has expanded consumption opportunities by giving consumers access to the "long tail" of existing products, rather than simply...

The objective of this paper is to document the evolution of cross-border music trade patterns in this transition period and to explain what drives digital music trade patterns. The shift from analogue to digital music distribution has substantially reduced trade costs and has enlarged the choice...

Digital financial services and more importantly, mobile money, have become an important financial innovation to advance financial inclusion in developing and emerging economies. While digital financial services have improved the lives of many Kenyans, to the growing betting segment of the Kenyan...

We explore the consequence of quality unpredictability for the welfare benefit of new products, using recent developments in recorded music as our context. Digitization has expanded consumption opportunities by giving consumers access to the "long tail" of existing products, rather than simply...

The invention of the steam engine turned the agricultural society (with its “Economy 1.0”) into an industrial society (with the “Economy 2.0”). Later, the spreading of education enabled the service society (with the “Economy 3.0”). And now, the pervasiveness of digital technologies...

We need a "Galilean" paradigm shift in thinking, from a component-oriented, individually centered view to an interaction-oriented, systemic view. When combined with the new opportunities created by Information and Communication Technologies, such a paradigm shift will lead us to a...

A significant gap exists in the conceptualization of entrepreneurship in the digital age. This paper introduces a conceptual framework for studying entrepreneurship in the digital age by integrating two well established concepts: the digital ecosystem and the entrepreneurial ecosystem. The...

This chapter provides an overview of the transformation of the market for individual investments over the past twenty-five years, drawing upon interviews, media discourse, and social theory. The distinction between kinematic and entrepreneurial investor is used as an analytical tool to emphasize...

When Vietnam laid the first infrastructure foundation for the Internet in 1997, the state had not foreseen the impacts of the free flow social networks, which are strong enough to overshadow the role of censorship authorities. Given that technological innovations will further speed up the rate...