Digital platform: A new economic institution

ABSTRACTThere are works in the economic literature devoted to various aspects of digital platforms’ activities. At the same time, there no published studies examining digital platforms from the point of view of the institutional economy. The digital platform is viewed by the authors from an institutional point of view as a new economic institution functioning in a hybrid reality that has the characteristics of an intermediary transaction and organizational institution. In order to better describe the activities of digital platforms as a new economic institution, the authors introduce such new concepts as "information-digital capital" (IDC) and "information-digital rent" (IDR).