The impact of network effects on digital platforms: Theoretical statements and empirical analysis
DOI:
https://doi.org/10.21638/spbu18.2024.303Abstract
Purpose: to examine the impact of network effects on the growth of the digital platforms utility.
Methodology: the following research methods were used: a brief bibliometric analysis to identify research clusters (via VOSviewer software); a review of the most cited scientific articles on the research topic; statistical and econometric methods of collecting and processing information with the construction of regression models.
Findings: the paper summarizes the existing knowledge about network effects and provides examples of the digital platforms utility growth using the theory of network effects.
Originality and contribution: the study describes the stages of development of digital platforms in terms of network effects. The empirical analysis allowed the authors to confirm the hypothesis about the significant impact of network effects on the growth of digital platforms’ utility and to deduce the additional hypotheses for further research. Managers can use the findings about network effects and approaches for the purpose of modeling the platform utility assessment, as well as to analyze the stages of the technological cycle which the platform is currently undergoing.
Keywords:
network effects, digital platforms, decentralized finance, DeFi, blockchain systems, social networks, utility
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References
Литература на русском языке
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Translation of references in Russian into English
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Published
2024-12-29
How to Cite
Shaidullin, A. I. (2024). The impact of network effects on digital platforms: Theoretical statements and empirical analysis. Russian Management Journal, 22(3), 401–429. https://doi.org/10.21638/spbu18.2024.303
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Theoretical and Empirical Studies
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Articles of the Russian Management Journal are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.
