First-mover advantages and path dependence

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, 1 inquire into the nature of ‘this first mover's advantage’ that might accoun...

Full description

Saved in:
Bibliographic Details
Published in:International journal of industrial organization 1997-10, Vol.15 (6), p.827-850
Main Author: Mueller, Dennis C.
Format: Article
Language:English
Subjects:
Competitive advantage
First-movers
Industrial organization
Manycompanies
Organizational behavior
Path dependence
Product life cycle
Schumpeter
Statistical analysis
Studies
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary: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, 1 inquire 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. I identify four categories of first mover advantage related to demand and supply factors, and link these concepts to that of path dependence.
ISSN:0167-7187
1873-7986
DOI:10.1016/S0167-7187(97)00013-1