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| Author: | Mueller, D. |
| Title: | First-mover advantages and path dependence |
| Journal: | International Journal of Industrial Organization
1997 : OCT, VOL. 15:6, p. 827-850 |
| Index terms: | ORGANIZATION INTERNATIONAL INDUSTRIES |
| Language: | eng |
| Abstract: | One of the empirical regularities of a product or industry's life cycle is that the one or two firms that eventually emerge as the industry leaders tend to be among the first to enter the industry. In this paper, the author inquires into the nature of "this first mover's advantage" that might account for the dramatic and persistent differences in performance across firms that have been observed. The author identifies four categories of first mover advantage related to demand and supply factors, and links these concepts to that of path dependence. |
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