Incumbency advantage and its value

Biglaiser, Gary, Calvano, Emilio and Crémer, Jacques (2019) Incumbency advantage and its value. Journal of Economics and Management Strategy, 28 (1). pp. 41-48.

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Official URL: https://onlinelibrary.wiley.com/doi/full/10.1111/j...

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.

Item Type: Article
Language: English
Date: April 2019
Refereed: Yes
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Site: UT1
Date Deposited: 20 Aug 2019 07:56
Last Modified: 20 Aug 2019 07:56
OAI ID: oai:tse-fr.eu:123292
URI: http://publications.ut-capitole.fr/id/eprint/32660

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