This paper presents a longitudinal study on the evolution of the retail banking sector in the United Kingdom (UK) following the adoption of automated payments in the 1970s. The analysis is cast in the context of innovation studies and looks at the process of industry evolution by highlighting...

In this work we discuss the impact of the new ICT techno-economic paradigm upon thevertical and horizontal boundaries of the firm and ask whether the change in the sources ofcompetitive advantage has resulted in changes in the size distribution of firms and also in thedegree of concentration of...