Incumbency advantage and its value

Gary Biglaiser, Emilio Calvano and Jacques Crémer
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Gary Biglaiser: UNC - University of North Carolina [Chapel Hill] - UNC - University of North Carolina System
Jacques Crémer: TSE-R - Toulouse School of Economics - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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Abstract: Markets with network effects are typically concentrated. The aim of this paper is to discuss some recent work on "incumbency advantage." That is, the fact that firms already installed generate higher profits than entrants even if the latter offer identical or even better terms (in terms of price and quality) to consumers. In particular, we review recently known sources of the advantage and potential mitigating factors and point to a number of open issues.

Keywords: Data barrier; Incumbency advantage; Platform competition (search for similar items in EconPapers)
Date: 2019-04
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Citations: View citations in EconPapers (26)

Published in Journal of Economics and Management Strategy, 2019, 28 (1), pp.41-48. ⟨10.1111/jems.12307⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02945972

DOI: 10.1111/jems.12307

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