Platform Economy and Product Liability: Old Rules for New Markets

According to statistics, Amazon is one of the most-used online marketplaces worldwide. The COVID-19 pandemic and the ensuing lockdowns to reduce the spread of the virus have shown how critical online marketplaces are to enable e-commerce and keep commercial transactions alive, especially in such times when regular commerce is disrupted. However, when we buy online, we have no chance of examining whether the product works or whether it is defective. If something goes wrong when we buy a product from a third-party seller through Amazon, as consumers, we then face the challenge of trying to file a claim for the damages that might have arisen due to the defectiveness of the product. This article explores Amazon’s position in this scenario, with reference to the case law from both US and EU courts and regulations, not solely from the point of view of Product Liability Law, but also according to the E-Commerce Directive liability.

Do Creators of New Markets Meet SDGs? Analysis of Platform Companies

The platform economy is the embodiment of the activities carried out by its influential players, which by their very nature are new markets, facilitating the matching of suppliers and customers. A new market entails access to or even joint use of underused assets, provision of new working places, and simplification of human life with online transactions and services, which serves the assumption that the platform economy is able to undertake sustainable development and may meet a number of the UN’s Sustainable Development Goals (SDGs) introduced in 2015. First, this paper aims to study whether the platform business model entails sustainability as its integral core concept. Second, it attempts to assess if platform companies from two selected industries—ride-sharing services and EdTech—meet SDGs comparably better than their predecessor linear companies in transportation and education. The study carries out an empirical analysis of eight companies. The results indicate that platform companies demonstrate a relatively lower commitment to SDGs compared to linear transnational firms, which can be explained by the level of maturity of platform companies and their still mostly non-public nature.

Role of Digital Technology in Transforming Organizational Competencies Influencing Digital Economy: Moderating Role of Product Knowledge Hiding

Digital technology has gained momentum in the recent decade, with its relationships with digital entrepreneurship, digital economies, digital social interaction, green economies, etc. These have changed the perspective of business and hence digitalized the strategic policies through blockchains. The current study aims to identify such benefits that have changed the day-to-day life processes and procedures for carrying out different tasks due to the convenience of adopting digital technology. Those benefits have been classified as transparency, centralization, and access to new markets for the organizations considering their consequences, especially when using digital technology. When processes are taking place online, there are fair chances of hiding knowledge about certain products or procedures to gain particular benefits. Hence, this study has considered the moderating role of product knowledge hiding while interacting online. This study is a quantitative post-positivist cross-sectional study that has followed a survey technique for data collection. The population used in this study is the managerial staff of the telecom sector in the mainland in China. The sample size used in this study is 358. The software used in this study is Smart-PLS 3.3. The technique used in this study for data analysis is structural equation modeling with measurement modeling. The findings of this study show that digital technology has led to many benefits for organizations like centralization, access to the new markets, and transparency, which have been made possible remotely only because of the use of digital technology in business operations. However, the moderating role of product knowledge hiding has been found significant only for transparency. This research paper highlights the important benefits of the use of technological use in the corporate world. Also, it contributes to expanding the network of knowledge hiding, addressing the moderation of product knowledge hiding, and extending the known consequences of digital technology influencing knowledge hiding.

Sustainable International Expansion via Cooperation Networks in the Manufacturing Industries

For the manufacturing industry in particular, networks lead to an increasing interaction between different actors representing a complementary response to insecurity arising from internationalization subjects. The aim of this study is to understand how cooperation networks contribute to the international sustainability of the manufacturing industry. To carry out this study, a qualitative methodology was chosen through semi-structured interviews with eight companies in the manufacturing sector from different areas. The interviews were handled with NVIVO software support. Regarding the findings, it is unanimous that cooperation networks are essential for the internationalization of the manufacturing industry. In general, the companies that participated in the study believe that the networks helped to reduce costs and to have access to certain resources that were essential for the success of internationalization. Furthermore, the findings suggest that the size of the country and the low purchasing power were some of the substantial factors that triggered the process of searching for new markets. It also became evident that there are barriers that need to be taken into account at the time of internationalization and that cooperation with other companies can help to overcome them. This study provides empirical evidence on the importance of cooperation networks for the internationalization of companies in the manufacturing industry. Furthermore, this study demonstrates the main motivations, strategies and barriers for these companies to internationalize.

The Review of Antitrust Practices in The Digital Economy

The aim of the paper is to review antitrust practices in the digital age, where competition is taking on new forms and content in new markets where they tend to have an absolute monopoly.

The Turkey-Africa Bromance: Key Drivers, Agency, and Prospects

Turkish-African relations have consistently exhibited strong growth since Ankara declared 2005 as ‘the year of Africa.’ Turkey’s growing economic, political, and security involvement in Africa reflects Ankara’s need to establish new markets for its manufactured goods and its defense and armaments industry and present itself as a relevant regional and global actor different from traditional Western players on the continent. African countries have been astute in their engagement with Ankara in terms of exercising leverage in the evolving Turkish-African partnership. They seek to attract Turkish foreign direct investment, diversify economic and political partners to reduce dependency and fuel their state-building projects. Ankara’s domestic economic woes notwithstanding, Turkey’s growing footprint in Africa will likely continue to produce positive results for both sides.

Applying Principles of Management Innovation in Advertising Agencies

With the advertising industry and practice changing significantly in the last decade, it is likely that the existing management practices in advertising agencies also need some transformation. Through exploring management innovation principles and practices, novel practices might be applied by advertising agencies to exploit changes in their environment and enhance organizational performance. This paper explores the application and framework for novel management practices in an advertising agency. A proposed model is based on the principles of management innovation and the activities needed to drive management innovation. The topic is relevant for advertising agencies to understand better management innovation possibilities and enhancement it could create for them to compete in new markets and stay ahead of new competition. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

The Struggle for Sports Commons

S.Janaka Biyanwila’s essay captures the trajectory of sports cultures in the Global South from their emergence in the aftermath of decolonization struggles with their democratization, but subsequent transformation post-1990s wave of globalization into sports consumers cultures. How can these new markets in sports cultures dominated by male oligarchies celebrating ‘sports spectacles’ be transformed to sports commons that encourage participatory democratic sports cultures? Focusing on the sports markets in cricket, badminton, football and even kabaddi and using a labour perspective, the presence of the invisible underside of sports workers is highlighted to reclaim sports as a public good, for local communities, and an accessible common cultural property.

Textbook Economics from Ameritrade’s Joe Ricketts

This article reviews the history of Ameritrade founded and developed by Joe Ricketts into a spectacularly successful discount brokerage enterprise. It, as such, represents another example of a risk-taking innovator who achieves success by filling a need in a free-enterprise market. The main takeaway is that free-enterprise works best from the bottom-up, that is, when individuals or individual companies ‘creatively destruct’ existing markets or generate new markets for goods or services through the implementation of innovative ideas and technology. The article also delineates the workings of the free-enterprise market by pointing out how familiar textbook economic principles are illustrated in the Ameritrade experience. JEL Classifications: A10, D01, E02, G10

Markets, infrastructures and infrastructuring markets

Despite a growing understanding of market infrastructures—the rules and socio-material arrangements that enable agreements on the properties of goods, and the calculation of value, equivalence and exchange—we know little of what lies beneath the arrangements that underpin and are implicated in exchange. The socio-material lens has done much to explain how specific assemblages circulate information and goods, but has done little to explain how different infrastructures configure relations between dispersed market practices. Using the history of the development of the market for market research we show how knowledge-based infrastructures constitute markets as knowledge objects: new expertise emerged through alliances between academia, government, and private actors form a new occupation embodied in specialist agencies that set themselves up in an infrastructural relation to marketing practices. Our conceptualization of markets as knowledge objects extends extant understandings of markets by showing how: (1) extant knowledge-based infrastructures are drawn on to construct new markets; (2) infrastructural relations emerge between different markets to constitute multiple systems of provision and demand, leading to an increasingly valuable knowledge infrastructure; and (3) organized practices in one market are often heavily reliant on connections to other markets, including knowledge-based infrastructures such as market research services.