The Palgrave Encyclopedia of Strategic Management

Living Edition
| Editors: Mie Augier, David J. Teece

Potential Competition

  • L. G. ThomasIII
Living reference work entry
DOI: https://doi.org/10.1057/978-1-349-94848-2_436-1

Abstract

This entry places the concept of potential competition in industrial organization economics. Late twentieth-century economic analyses have brought theoretical rigour and empirical evidence for this concept. These years have also seen the emergence of alternative concepts in strategic management, and changes in the nature of competition among firms that relatively favours these alternate concepts. The importance and range of business activity that the concept of potential competition is expected to explain has thus narrowed, even as this concept has become more formal, more proven and more readily applicable.

Keywords

Network Externality Incumbent Firm Potential Entry Potential Competition Entry Deterrence 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Copyright information

© The Author(s) 2016

Authors and Affiliations

  1. 1.Goizueta Business SchoolAtlantaUSA