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- Title
DOMINANCE BY BIRTHRIGHT: ENTRY OF PRIOR RADIO PRODUCERS AND COMPETITIVE RAMIFICATIONS IN THE....
- Authors
Klepper, Steven; Simons, Kenneth L.
- Abstract
The U.S. television receiver industry evolved to be an oligopoly dominated by firms that produced radios prior to TVs. Data on the experience of all U.S. radio manufacturers and on the length of survival and rate of innovation of all U.S. TV entrants are collected to analyze how radio experience influenced entry, firm performance, and the evolution of market structure in the TV industry. Consistent with a model of the evolution of an oligopolistic industry, more experienced radio firms were more likely to enter TV manufacturing, had higher innovation rates, and in turn had greater market shares and longer survival, suggesting that firm capabilities and the evolution of the TV industry's market structure were critically shaped by firms' experience prior to entry.
- Subjects
UNITED States; TELEVISION receivers; TELEVISION broadcasting; OLIGOPOLIES; MICROECONOMICS; MARKET share; RADIO technology equipment -- Design &; construction; TECHNOLOGICAL innovations; MARKET entry; ORGANIZATIONAL structure
- Publication
Strategic Management Journal (John Wiley & Sons, Inc.) - 1980 to 2009, 2000, Vol 21, Issue 10/11, p997
- ISSN
0143-2095
- Publication type
Article
- DOI
10.1002/1097-0266(200010/11)21:10/11<997::AID-SMJ134>3.0.CO;2-O