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...

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Bibliographic Details
Published inInternational journal of industrial organization Vol. 15; no. 6; pp. 827 - 850
Main Author Mueller, Dennis C.
Format Journal Article
LanguageEnglish
Published Amsterdam Elsevier B.V 01.10.1997
Elsevier
North-Holland
Elsevier Sequoia S.A
SeriesInternational Journal of Industrial Organization
Subjects
Competitive advantage
First-movers
Industrial organization
Manycompanies
Organizational behavior
Path dependence
Product life cycle
Schumpeter
Statistical analysis
Studies
First-movers
Schumpeter
L10
Path dependence
Product life cycle
O31
M13
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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.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0167-7187
1873-7986
DOI:10.1016/S0167-7187(97)00013-1