The paper studies the patterns of volatility in firm-specific growth rates and stock prices during the early phase of the life-cycle of an old economy industry, the US automobile industry from 1900–1930, and a new economy industry, the US PC industry from1974–2000. Strikingly similar patterns of volatility are discovered in the early phases of the two industries. The comparison sheds light on t...

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Charting the :volution and strategic direction of wireless communications networks in times of great change to maintain a competitive advantage for a wireless carrier is very complex. The new economy has created a new competitive landscape with much uncertainty that is affecting the networkplanningprocess. Several reasons account for the changes taking place in many industries’ competitive land...

This paper examines how much structural change there was in the U.S. economy in the last half of the 1990s. The results are consistent with the hypothesis that there was only one major structural change, namely the huge increase in stock prices relative to earnings. All other large changes can be explained by this change. There is no obvious reason for the large increase in stock prices relativ...

Mobile-internet enabled information and communications processes allow people to share their assets in what is termed the Sharing Economy. Entrepreneurs are reaping huge financial gains but many challenges remain. Many would contend that a business concept such as Supply Chain Management does not exactly fit the definition of the sharing economy. The writer argues that Sharing Economy businesse...