Competition and Monopoly in a Digital Era
Надежда Михайловна Розанова
Abstract
Надежда Михайловна Розанова
Abstract
Patterns for competitive and monopoly behaviour, market power configurations and instruments of interfirm relationships are under radical transformation in a digital era. There arise new forms of monopolistic strategies that aim at establishing, strengthening and withstanding long-term market power in various industries. Analysis of Russian and foreign economic research that was done in the article promoted a conceptual theoretical approach to monopoly and competition under digitalization.
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Patterns for competitive and monopoly behaviour, market power configurations and instruments of interfirm relationships are under radical transformation in a digital era. There arise new forms of monopolistic strategies that aim at establishing, strengthening and withstanding long-term market power in various industries. Analysis of Russian and foreign economic research that was done in the article promoted a conceptual theoretical approach to monopoly and competition under digitalization.
Key concepts: Monopoly, Monopolistic competition, Competition (biology), Industrial organization, Economics, Market power, Market economy, Market structure