Increasing Dominance with No Efficiency Effect
I uncover a new force towards increasing dominance. The new effect results from the strategic choice of covariance in races. I assume that players must choose not the amount of resources to spend but how to allocate those resources. I show that the laggard has an incentive to chose a different path from the leader.
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- Luis M.B. Cabral & Michael Riordan, 1992.
"The Learning Curve, Market Dominance and Predatory Pricing,"
0039, Boston University - Industry Studies Programme.
- Cabral, Luis M B & Riordan, Michael H, 1994. "The Learning Curve, Market Dominance, and Predatory Pricing," Econometrica, Econometric Society, vol. 62(5), pages 1115-40, September.
- Cabral, L. & Riordan, M., 1992. "The Learning Curve, Market Dominance and Predatory Pricing," Papers 39, Boston University - Industry Studies Programme.
- Ghemawat, Pankaj, 1990. "The snowball effect," International Journal of Industrial Organization, Elsevier, vol. 8(3), pages 335-351, September.
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147, University of California at Berkeley.
- Arthur, W Brian, 1989. "Competing Technologies, Increasing Returns, and Lock-In by Historical Events," Economic Journal, Royal Economic Society, vol. 99(394), pages 116-31, March.
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- Kyle Bagwell, 1993.
"Dynamic Retail Price and Investment Competition,"
1115, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Klepper, Steven, 1996. "Entry, Exit, Growth, and Innovation over the Product Life Cycle," American Economic Review, American Economic Association, vol. 86(3), pages 562-83, June.
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