TY - JOUR
T1 - Digital Platforms as Second-Order Lead Firms
T2 - Beyond the Industrial/Digital Divide in Regulating Value Chains
AU - Salminen, Jaakko
AU - Sobel-Read, Kevin B.
AU - Viljanen, Mika
AU - Eller, Klaas Hendrik
N1 - Publisher Copyright:
© 2023 The authors.
PY - 2023/4
Y1 - 2023/4
N2 - Major parts of global trade in commodities and services are shifting to digital platforms. Yet, current regulatory debates surrounding global value chains (GVCs) and digital platforms are mostly siloed from each other. They share however the challenge of adjusting regulation to a novel mode of economic organization that breaks with our established cognitive frames in both law and economics. By consequence, we contend that both debates should be read in an interlinked manner – overcoming the industrial/digital divide. Digital platform operators should be understood as a ‘second-order lead firm’. To illustrate this, we assess the compatibility of the platform economy with the reigning model of GVC capitalism and its regulatory underpinnings.
AB - Major parts of global trade in commodities and services are shifting to digital platforms. Yet, current regulatory debates surrounding global value chains (GVCs) and digital platforms are mostly siloed from each other. They share however the challenge of adjusting regulation to a novel mode of economic organization that breaks with our established cognitive frames in both law and economics. By consequence, we contend that both debates should be read in an interlinked manner – overcoming the industrial/digital divide. Digital platform operators should be understood as a ‘second-order lead firm’. To illustrate this, we assess the compatibility of the platform economy with the reigning model of GVC capitalism and its regulatory underpinnings.
UR - http://www.scopus.com/inward/record.url?scp=85158085936&partnerID=8YFLogxK
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AN - SCOPUS:85158085936
SN - 0928-9801
VL - 30
SP - 1059
EP - 1087
JO - European Review of Private Law
JF - European Review of Private Law
IS - 6
ER -