A Distributed and Collaborative Economy

Jean-Jacques Lambin
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Jean-Jacques Lambin: Università degli studi di Milano-Bicocca

Chapter 9 in Rethinking the Market Economy, 2014, pp 165-184 from Palgrave Macmillan

Abstract: Abstract There are different kinds of economy (Figure 9.1). In a distributed market economy,1 ownership, influence and control are globally dispersed. Complex networks of market actors are formed: companies, customers, suppliers, competitors, distributors, influencers and partners that gain mutual benefit from one another. With the development of the digital economy, markets are shifting towards two specialized yet collaborative global markets: GEMs and GTMs.2. GEMs globally produce and distribute digital products and services, while GTMs collaborate with GEMs to consume or continue the physical part of production and distribution. The firms in traditional markets extend their demand and supply to GEMs, while firms in digital markets create new demand and supply of both GTMs and GEMs. New market actors coming from GEMs are playing an increasingly important role and social networks facilitate interaction among market players. The digital economy has opened new doors for the implementation of the market orientation concept and for the development of non-monetary business models.

Keywords: Business Model; Market Economy; Smart Grid; Market Actor; Digital Product (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-39291-6_9

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DOI: 10.1057/9781137392916_9

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