Projects per year
Abstract
We study the influence of technological efficiency and organizational inertia on the emergence of competition when firms decide myopically. Using an agent-based computer simulation model, we observe the competitive reaction of a former monopolist to the advent of a new competitor. While the entrant uses a new technology, the monopolist is free either to stick to his former technology or to switch to the new one. We find that?irrespective of details regarding the demand side?a change of industry leadership occurs only if the new (?disruptive?) technology is not too efficient and organizations are inert. (author's abstract)
| Original language | English |
|---|---|
| Place of Publication | Vienna |
| Publisher | SFB Adaptive Information Systems and Modelling in Economics and Management Science, WU Vienna University of Economics and Business |
| Publication status | Published - 2002 |
Publication series
| Series | Working Papers SFB "Adaptive Information Systems and Modelling in Economics and Management Science" |
|---|---|
| Number | 90 |
WU Working Paper Series
- Working Papers SFB \Adaptive Information Systems and Modelling in Economics and Management Science\
Projects
- 3 Finished
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Adaptive information systems and modelling in economics and management science - Initiative 5: Artificial factory
Taudes, A., Feurstein, M., Mild, A. & Natter, M.
1/04/97 → 31/03/03
Project: Other
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Adaptive Modelling - Market segmentation and product positioning
Mazanec, J., Buchta, C., Dolnicar, S. & Reutterer, T.
1/01/97 → 31/03/03
Project: Other