We analyze how network effects affect competition in the nascent cryptocurrency market. We do so by examining early dynamics of exchange rates among different cryptocurrencies. While Bitcoin essentially dominates this market, our data suggest no evidence of a winner-take-all effect early in the...

Focusing on competitive dynamics, this study examines the strategic issues Boeing has faced in seeking to maintain its leading position in the airline industry. Boeing's status as a first mover in the aerospace industry has made it a world-leading company; however, the external environment and...

There is a wide consensus that the chronological order of firms entering new product markets can affect long-term market shares. Commonly, it is expected that early entrants are able to gain long-lasting competitive advantages over their followers. This is corroborated by a large body of...

The attention towards Multi-Channel Networks (MCNs) is notable in the media sector. Many firms adopt MCN business to capture the potential value created by new media trend. Consequently, the new investment, merger and acquisition (M&A), and in-house establishment trend is shaking up the media...