An investigation of the early automobile industry reveals patterns of competition and economic forces that may be found in other industries spawned by new to the world innovations. These same patterns are observed in the personal computer industry decades later. The paper includes a discussion of the influx of competitors, the shakeout, and development of an industry standard, as well as endogenous and exogenous factors that influenced competition. It includes propositions and suggestions for future research to look for these patterns in other emerging industries spawned by such innovations.
|State||Published - Jun 28 2018|