Do first-mover advantages exist for public policy? The theory of the first-mover advantage has been well studied in organization theory and marketing science. It is generally accepted that first-mover firms have multiple benefits such as technological leadership, asset preemption, and heightened...

If entrepreneurs are constrained and shaped by existing institutions, how? If entrepreneurs products and services, how can institutions remain unchanged? This paper explores this theoretical conundrum empirically through the examination of the actions of entrepreneur Lowell Wakefield. Contrary...