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: disruptive innovation that provides opportunities for entry; competition from online platforms that have secured a toehold in one …
Persistent link: https://www.econbiz.de/10012951065
This article provides an overview of the competitive issues surrounding online platforms. The general theme is that while much has been made of the structural features of online platforms there is little hard evidence that these are durable monopolies. Nonetheless, there are concerns about the...
Persistent link: https://www.econbiz.de/10013321957
We find a U-shaped relation between industry concentration and innovation. The relation is driven by neck …-and-neck industries where firms operate with similar productivity. When industry concentration is low, innovation intensity decreases as … innovation intensity to escape competition. The U-shaped relation is more pronounced in industries where firms compete in …
Persistent link: https://www.econbiz.de/10012890304
After decades of theoretical inquiry, a burgeoning empirical literature now debates how ownership patterns, governance choices, and executive compensation structure affect firms' competitive behavior. An often-made assumption in the debate is that relative performance evaluation (RPE) of top...
Persistent link: https://www.econbiz.de/10012910910
innovative first-movers? This paper argues that dominant online search engines maintain their leadership through an “innovation … online search engines use the innovation feedback loop to maintain their first-mover advantages, as entry barriers in the … and competition from the fringe. We argue that when dominance is derived from first-mover advantages and innovation …
Persistent link: https://www.econbiz.de/10012828760
We consider the advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers as well as shareholders compared to shareholderoriented firms. Societies with stakeholder-oriented firms have higher prices, lower output, and can have greater firm value...
Persistent link: https://www.econbiz.de/10010298375
We analyze the hitherto unstudied duopolistic interaction between a new good producer and a remanufacturer who compete for a dominant share of the market for a particular product. Each firm i spends d_i ≥ 0 on product development to sway consumers and this expenditure increases the likelihood...
Persistent link: https://www.econbiz.de/10012989063
We analyze the hitherto unstudied duopolistic interaction between a new good producer and a remanufacturer who compete for a dominant share of the market for a particular product. Each firm i spends d_i ≥ 0 on product development to sway consumers and this expenditure increases the likelihood...
Persistent link: https://www.econbiz.de/10012989862
We present a mechanism based on managerial incentives through which common ownershipaffects product market outcomes. Firm-level variation in common ownership causes varia-tion in managerial incentives and productivity across firms, which leads to intra-industryand intra-firm cross-market...
Persistent link: https://www.econbiz.de/10011747733
We consider the advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers as well as shareholders compared to shareholderoriented firms. Societies with stakeholder-oriented firms have higher prices, lower output, and can have greater firm value...
Persistent link: https://www.econbiz.de/10010958691