Research ToolsEconomics A–Z

Browse by first letter

Featured entry: First-mover advantage

The early bird gets the worm. game theory shows that being the first to enter a market or to introduce an innovation can be a huge advantage, not just because the first firm in can erect barriers to entry, but also because potential rivals may be discouraged from committing the resources necessary to compete successfully. However, this advantage may sometimes be cancelled out by the benefits enjoyed by followers, such as the chance to avoid--and learn from--the mistakes made by the first mover. (See incumbent advantage.)

Related Items

Articles about...

America's economy, Asia's smaller economies, Britain's economy, China's economy, Debt and development, Economics, The euro, Globalisation, Japan's economy, Russia's economy, The World Bank and the IMF , The World Trade Organisation

Backgrounders

Afghanistan's economy, America's economy, Argentina's economy, Brazil's economy, Britain's economy, Canada's economy, China's economy, The City, The Crédit Lyonnais scandal, The dollar, The euro, The European Central Bank, The Financial Services Authority, France's economy, Germany's economy, Gold, Hedge funds, IMF reform, India's economy, Japan's banks, Japan's economy, Mexico's economy, Money laundering, Russia's economy, Securities and Exchange Commission, State pensions, World Trade Organisation

Essential Economics

The Economics A-Z is adapted from "Essential Economics", by Matthew Bishop (interviewed here), published by Profile Books.


Buy the book »

Advertisement


Classified ads

  • Associates & Senior Associates
    £40-60k potentially more for exceptional candidates
    Canary Wharf & Edinburgh
    Find out more and apply

  • Financial Services Authority
    Solvency II Implementation

    Various roles:
    click here to apply

  • Ikerbasque has launched an international call for researchers in 2010, in order to contract 20 senior researchers to work in centres in the Basque Science System

  • Edexcel is recruiting examiners for GCE Economics.
    Marking period
    May - July.
    Please click here to apply, select 'vacancies' and click on 'GCE'

  • Highly experienced Emerging Markets consultant, with a particular focus on Emerging Europe, is available for short and long-term assignments

  • House of Commons - Department of Chamber and Committee Services
    Committee Specialist - Treasury Committee

Sponsors' feature