منابع مشابه
Creative Destruction in Industries∗
Industries where prices decline rapidly experience early ‘shakeouts’. Existing models of the shakeout do not explain this negative relation between price decline and time to shakeout. We set up a vintage-capital model that explains this relation, and we provide some evidence in support of the mechanism that we propose. The relation emerges naturally in a vintage-capital model in which shakeouts...
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Building on a model of endogenous innovation à la Romer, we analyze the link between legal institutions, innovation and growth. As in Anderlini, Felli and Riboni (2007), we suppose that law-makers are benevolent and we compare two legal systems: a rigid system, where an uncontingent law is written in a statute ex ante (that is, before knowing the state of the technology that will take place) an...
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Technological innovations in inventory, logistics, and sales give grocery chain stores a profitability advantage over old-fashioned local stores. With chain stores advancing, local store incumbents gradually exit. Two questions concerning this creative destruction process are central to competition policy. How do chain stores make entry decisions? How does a chain store’s entry impact incumbent...
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We develop a theory of commercialization mode (entry or sale) of entrepreneurial inventions into oligopoly, and show that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market e¤ects on the sales price. Moreover, preemptive acquisitions by incumbents are shown to stimulate the process of creative destruction by increasing the entr...
متن کاملThe rapid creative destruction of HQ-subsidiary relationships — the power of the less-powerful
The historically prevailing view in the network literature has been that relationships within networks develop gradually and cumulatively over time, with power playing what might be termed a ‘concrete’ role in such a process, based primarily on identifiable resource dependencies. The concept of (Foucauldian) ‘system power’, beginning to emerge in the management and organisation literature, is n...
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ژورنال
عنوان ژورنال: MISES: Interdisciplinary Journal of Philosophy, Law and Economics
سال: 2019
ISSN: 2594-9187,2318-0811
DOI: 10.30800/mises.2019.v7.1245