FIRST‐MOVER ADVANTAGE: THE OPPORTUNITY CURVE
William C. Patterson
Journal of Management Studies, 1993, vol. 30, issue 5, 759-777
Abstract:
A model depicting first‐mover dynamics is proposed wherein certain types of strategic barriers activated by the first‐mover strategy figure prominently in preserving benefits in the time dimension. Strategic barriers conferring singularity (i.e. one‐time benefit) are considered to be the most effective preservers of first‐mover advantage. the theoretical model is tested empirically in a study of six major industries. Benefits operationalized as industry share and profit share were found to decline consistently with industry age according to an exponential function designated the opportunity curve.
Date: 1993
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https://doi.org/10.1111/j.1467-6486.1993.tb00325.x
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jomstd:v:30:y:1993:i:5:p:759-777
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