Economics of Digital Ecosystems
Abstract
:1. Introduction
2. Methods
2.1. Research Theory and Methodology
2.2. Theoretical Fundamentals
- localized in space and continued (unlimited) existence in time [35]. An ecosystem functions within a limited area, whose borders do not change significantly with time. This localized existence can continue for an unlimited time and depends on a number of factors including economic factors, technological factors, social factors, informational factors and so on.
- internal consistency, geographic proximity and close ties between the components and members of the ecosystem lead to a high level of integrity and to an internal balance in an ecosystem that is capable of suppressing internal turbulent processes [20];
- adaptability, including the structural isomorphism of the ecosystem [35] and its ability to change and adjust to the conditions of the outside environment in order to preserve the system as a whole. An ecosystem is capable of including new members, whose roles can change with time in order to support its sustainability. The structure of the ecosystem is susceptible to flexible changes thanks to the constant interaction between all members cooperating with each other. An ecosystem can take multiple forms depending on the number of members, whose interaction is often based on the complementarity of goods, technologies and services. The significant number of the existing members of an ecosystem and attraction of new members increases the dynamism of the system, whose success improves the performance for all of the members of the system without exception [10];
- systematic non-hierarchical coordination of members; the institutional approach is used when forming an ecosystem [25]. However, there is no clearly defined algorithm for this, and the hierarchy of the ecosystem members is not regulated. The fact that there is a clear leader who initiated the formation of the ecosystem does not imply their monitoring role in the future. The coordination and cooperation of the members of the ecosystem are necessary conditions for its proper function;
- versatility—there is not only a multiplicity of partners in an ecosystem but also a selection of complex partner relationships which cannot be broken down into the bilateral interaction of both parties 34]. Each member of the ecosystem can influence the direction of the latter’s growth, although the influence of larger members is stronger than that of the smaller members. The formation of alliances between the members can change the balance of power in an ecosystem regarding key strategic issues;
- homeostasis—in an ecosystem as with any open socio-economic system, resources are exchanged between members as well as between its subsystems in order to maintain internal balance [35]. Likewise, the ecosystem actively exchanges its resources with its environment and, thus, maintains balance with it.
- by territorial feature (regional, city and municipal socio-economic ecosystems),
- by scale (micro ecosystem, meso ecosystem, macro ecosystem, global ecosystem),
- by industry feature (industry, interindustry);
- by platform used (digital, technological).
- by type [35] (objects (enterprise, region, government), environments (infrastructure, federal law, investment climate), processes (business processes of the enterprise, spread of information, logistics), projects (start-ups, release of new products, reorganization of an enterprise)).
3. Results
- Process-oriented digital ecosystems, whose main goal is to support the creation processes of innovations and venture capital enterprises using special services and specific tools;
- Resource-oriented ecosystems, which have a predominant focus on searching for material or non-material resources necessary for carrying out the activities of companies or for the realization of business projects;
- Product-oriented ecosystems, which are predominantly focused on releasing new products or services onto the market.
- zt—is the standardized control level indicator of the system by the administrator for period t;
- yt—is the standardized satisfaction coefficient of consumers of the final good for period t;
- β—elasticity coefficient of the administrative control over satisfaction of consumers of the final good. This coefficient reflects the degree of sensitivity of the administration system towards consumer satisfaction.
- xt—is the standardized profit of the producers of the final good in period t;
- α—is the profit elasticity coefficient of the producers of the final good for consumer satisfaction. This coefficient reflects the sensitivity of the market towards consumer satisfaction;
- b—is the coefficient of consumer satisfaction elasticity to retrospective fluctuations of satisfaction. This indicator reflects the degree of transformation of consumer expectations under the influence of their current satisfaction level;
- a—is the indicator for the rate of transformation of consumer expectations. This indicator reflects how frequently consumer expectations transform in a period of time. The comparatively small values of this indicator reflect the low level of consumer loyalty, while high values of this indicator show the relative maturity of the consumers and their readiness to develop a digital ecosystem together with the producers of the final good.
- The profit of the producers of the final good is inversely related to the system level control indicator. Consequently, in order for profit to grow within a digital ecosystem, it is necessary to liberalize it through a systematic decrease of the control level of the administrator;
- The satisfaction level of consumers of the final good has well-balanced fluctuations, which determines the possibility of obtaining a different level of satisfaction at identical profit values. In turn, this is due to the dynamics of consumer expectations which are universalized in a digital ecosystem due to the saturation of the information environment and the accessibility of communication channels.
4. Discussion
Author Contributions
Funding
Acknowledgments
Conflicts of Interest
References
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Characteristic | Biological Ecosystem | Digital Ecosystem |
---|---|---|
External environment | Natural habitat | Human society, digital environment |
Members of ecosystem | Biological organisms, objects of non-living nature | Enterprises, organizations, clients |
Relationship between system members | Exchange of nutrients and energy, symbiosis | Exchange of information and resources, cooperation, collaboration |
Vertical hierarchy relationship | none | none |
Internal mechanism for development of ecosystem | Natural selection | Cooperation, collaboration |
Limiting effect | Natural conditions, resources | Social norms, the law, resources |
Roles and interactions of members | Clearly defined | Clearly defined |
Rate of change | Low | High |
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Barykin, S.Y.; Kapustina, I.V.; Kirillova, T.V.; Yadykin, V.K.; Konnikov, Y.A. Economics of Digital Ecosystems. J. Open Innov. Technol. Mark. Complex. 2020, 6, 124. https://doi.org/10.3390/joitmc6040124
Barykin SY, Kapustina IV, Kirillova TV, Yadykin VK, Konnikov YA. Economics of Digital Ecosystems. Journal of Open Innovation: Technology, Market, and Complexity. 2020; 6(4):124. https://doi.org/10.3390/joitmc6040124
Chicago/Turabian StyleBarykin, Sergey Yevgenievich, Irina Vasilievna Kapustina, Tatiana Viktorovna Kirillova, Vladimir Konstantinovich Yadykin, and Yevgenii Aleksandrovich Konnikov. 2020. "Economics of Digital Ecosystems" Journal of Open Innovation: Technology, Market, and Complexity 6, no. 4: 124. https://doi.org/10.3390/joitmc6040124
APA StyleBarykin, S. Y., Kapustina, I. V., Kirillova, T. V., Yadykin, V. K., & Konnikov, Y. A. (2020). Economics of Digital Ecosystems. Journal of Open Innovation: Technology, Market, and Complexity, 6(4), 124. https://doi.org/10.3390/joitmc6040124