scholarly journals From latecomer to first-mover advantage

2021 ◽  
pp. 72-91
Author(s):  
Nobuhiro Horii
Keyword(s):  
First Mover Advantage ◽  
First Mover

scholarly journals Control without Confirmation: The Politics of Vacancies in Presidential Appointments

2021 ◽  
pp. 1-16
Author(s):  
CHRISTINA M. KINANE
Keyword(s):  
Policy Making ◽  
Separation Of Powers ◽  
Political Control ◽  
Presidential Appointments ◽  
Capacity To Act ◽  
First Mover Advantage ◽  
First Mover ◽  
Legislative Approval

Scholarship on separation of powers assumes executives are constrained by legislative approval when placing agents in top policy-making positions. But presidents frequently fill vacancies in agency leadership with unconfirmed, temporary officials or leave them empty entirely. I develop a novel dataset of vacancies across 15 executive departments from 1977 to 2016 and reevaluate the conventional perspective that appointment power operates only through formal channels. I argue that presidents’ nomination strategies include leaving positions empty and making interim appointments, and this choice reflects presidents’ priorities and the character of vacant positions. The evidence indicates that interim appointees are more likely when positions have a substantial capacity to act on presidential expansion priorities and suggest that presidents can capitalize on their first-mover advantage to evade Senate confirmation. The results further suggest that separation of powers models may need to consider how deliberate inaction and sidestepping of formal powers influence political control and policy-making strategies.

Boeing and Airbus: Competitive Strategy in the Very-Large-Aircraft Market

2017 ◽  
pp. 1-16
Author(s):  
Nabil Al-Najjar ◽  
Ichiro Aoyagi ◽  
Guy Goldstein ◽  
Ted Korupp ◽  
Bin Liu ◽  
...  
Keyword(s):  
Private Information ◽  
Competitive Strategy ◽  
Natural Monopoly ◽  
Development Cost ◽  
Strategic Issues ◽  
First Mover Advantage ◽  
Strategic Issue ◽  
Winner Takes All ◽  
First Mover ◽  
Large Aircraft

Boeing and Airbus are contemplating entry into very-large-aircraft (VLA) markets. Both firms are convinced the market cannot support two players due to the extremely high R&D costs and the limited (and highly uncertain) state of demand. The key strategic issue is the uncertainty surrounding Boeing's development cost: to what extent would Boeing's experience with the 747 help it reduce the R&D cost of a new VLA prototype? The main point is that Boeing's strategic moves signal its private information, and that this eliminates any first-mover advantage Boeing might have had in this market.To introduce some of the strategic issues arising in natural monopoly industries in which the winner takes all, and focus on the issues of credible preemption and signaling.

scholarly journals Psychological Pressure in Competitive Environments: Evidence from a Randomized Natural Experiment

2010 ◽  
Vol 100 (5) ◽  
pp. 2548-2564 ◽  
Author(s):  
Jose Apesteguia ◽  
Ignacio Palacios-Huerta
Keyword(s):  
Natural Experiment ◽  
Psychological Effects ◽  
Control Groups ◽  
Sequential Order ◽  
Socioeconomic Outcomes ◽  
Competitive Environments ◽  
First Mover Advantage ◽  
Psychological Pressure ◽  
And Control ◽  
First Mover

Emotions can have important effects on performance and socioeconomic outcomes. We study a natural experiment where two teams of professionals compete in a tournament taking turns in a sequence. As the sequential order is determined by the random outcome of a coin flip, the treatment and control groups are determined via explicit randomization. Hence, absent any psychological effects, both teams should have the same probability of winning. Yet, we find a systematic first-mover advantage. Further, professionals are self-aware of their own psychological effects and, when given the chance, they rationally react by systematically taking advantage of these effects. (JEL C93, D03, D82, L83)

scholarly journals First-mover Advantage and the Private Value of Public Science

2021 ◽  
Author(s):  
Ashish Arora ◽  
Sharon Belenzon ◽  
Bernardo Dionisi
Keyword(s):  
Public Science ◽  
First Mover Advantage ◽  
Private Value ◽  
First Mover

Taking the Lead: Bank Recovery and Resolution Rules

2020 ◽  
pp. 71-90
Author(s):  
Scott James ◽  
Lucia Quaglia
Keyword(s):  
Significant Influence ◽  
International Standards ◽  
Bank Failures ◽  
Bank Capital ◽  
Response Regulators ◽  
Financial Industry ◽  
First Mover Advantage ◽  
The Us ◽  
Alliance Building ◽  
First Mover

As in the case of bank capital, elected officials were quick to respond to voter concerns by substantially expanding regulators’ powers over bank recovery and resolution. In response, regulators developed stringent new rules on loss-absorbing capacity (LAC) and ‘living wills’ for banks. However, the financial industry on the whole did not seek to resist the changes. Nonetheless, UK regulators sought to act as pace-setters in this area at the international and EU levels to manage the cross-border externalities generated by bank failures. They were therefore able to exert significant influence in the formulation of new international standards on resolution and LAC, and over the EU’s new Bank Recovery and Resolution Directive. This was achieved by leveraging their substantial regulatory expertise, alliance-building (with the US), and ‘first-mover advantage’.

GreenGo’s new strategy in the carsharing market of Budapest

2019 ◽  
Vol 9 (1) ◽  
pp. 1-23
Author(s):  
Zoltan Bakonyi ◽  
Erik Gyurity ◽  
Adam Horvath
Keyword(s):  
Business Model ◽  
Opportunity To Learn ◽  
Value Proposition ◽  
Content Type ◽  
Business Modelling ◽  
Academic Level ◽  
Long Run ◽  
First Mover Advantage ◽  
Start Ups ◽  
First Mover

Learning outcomes The purpose of this paper is to demonstrate how a business idea can be successful in the long run in a rapidly changing environment. Students could learn about the carsharing market and the world of start-ups. During the lesson, students could practice business modelling based on “Value proposition Canvas”. With this model, they can understand the real needs of the customers and the services, with which companies can provide gains for the clients and decrease users’ pain. Beside business modelling, the case provides the opportunity to learn about the concept of First Mover Advantage, which describes the possible advantages of being first on a market. Three different sources can provide first mover advantage: technological leadership; pre-emption of scarce assets; and customer loyalty. Start-ups should systematically think about acquiring some of the above to sustain their advantage. Case overview/synopsis This case is about a carsharing start-up GreenGo, which was the first company introducing the concept of carsharing in Hungary. GreenGo was founded in November 2016 in Budapest. Until today, it has approximately 170 cars and could establish a solid customer base with 6,000 subscribers. After one year of monopoly, GreenGo got a competitor, when MOL (one of the largest companies of the Central European region) entered the market with its new carsharing service: MOL Limo (Limitless Mobility). MOL Limo is using the same business model and marketing mix as GreenGo and started to operate with 300 cars. The case describes the urban transportation of Budapest, the business model and value proposition of GreenGo and MOL Limo in depth. It also presents some possible options for GreenGo to react to the new market situation. Complexity academic level Master in management, MBA. Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes. Subject code CSS: Strategy, Case study organisation: GreenGo.

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