Vol. 1 No. 3 (2025): Governing Digital Markets: Structure and Power

This issue advances a structural conversation on how digital markets are governed in emerging economies. Rather than treating regulation as an external constraint or technical compliance requirement, the collection positions institutional architecture as a constitutive force that shapes ecosystem configuration, power asymmetries, territorial boundaries, and value distribution.

The contributions collectively explore how regulatory consolidation reorganizes dependence relations, how data localization territorializes competitive logic, and how interoperability enables coordinated decentralization across fragmented jurisdictions. At the organizational level, compliance is reframed as a credibility-generating capability that produces trust and legitimacy, while SME inclusion is examined through a paradox lens that reveals the coexistence of expanded opportunity and intensified structural dependency.

Taken together, the articles argue that competitive advantage in contemporary digital economies is increasingly structured by governance design. Institutional infrastructures—rather than technological scale alone—determine participation thresholds, bargaining leverage, ecosystem alignment, and surplus allocation. This collection extends the theoretical conversation in strategic management toward a governance-centered understanding of digitally mediated markets.