Disruptive Technologies and the Emergence of Competition

by: Ron Adner, Peter Zemsky

The RAND Journal of Economics, Vol. 36, No. 2. (2005), pp. 229-254.

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摘要

We formalize the phenomenon of disruptive technologies that initially serve isolated market niches and, as they mature, alter industry boundaries by displacing established technologies from mainstream segments. Using a model of horizontal and vertical differentiation, we show how the threat of disruption depends on rates of technological advance, how many firms use each technology, relative market segment sizes, and firms' ability to price discriminate. We characterize the effect of disruption on prices, market shares, social welfare, and innovation incentives. We show that the possibility that mergers trigger disruption and thereby alter industry boundaries is important for assessing their impact on social welfare and profits.

@article{citeulike:2975448, abstract = {We formalize the phenomenon of disruptive technologies that initially serve isolated market niches and, as they mature, alter industry boundaries by displacing established technologies from mainstream segments. Using a model of horizontal and vertical differentiation, we show how the threat of disruption depends on rates of technological advance, how many firms use each technology, relative market segment sizes, and firms' ability to price discriminate. We characterize the effect of disruption on prices, market shares, social welfare, and innovation incentives. We show that the possibility that mergers trigger disruption and thereby alter industry boundaries is important for assessing their impact on social welfare and profits.}, author = {Adner, Ron and Zemsky, Peter }, citeulike-article-id = {2975448}, doi = {http://dx.doi.org/10.2307/4135240}, journal = {The RAND Journal of Economics}, keywords = {competion, disruptive, multi-level}, number = {2}, pages = {229--254}, posted-at = {2008-07-09 09:43:39}, priority = {2}, publisher = {Blackwell Publishing on behalf of The RAND Corporation}, title = {Disruptive Technologies and the Emergence of Competition}, url = {http://dx.doi.org/10.2307/4135240}, volume = {36}, year = {2005} }

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TY - JOUR ID - citeulike:2975448 L3 - citeulike-article-id:2975448 TI - Disruptive Technologies and the Emergence of Competition JF - The RAND Journal of Economics VL - 36 IS - 2 SP - 229 EP - 254 PB - Blackwell Publishing on behalf of The RAND Corporation N2 - We formalize the phenomenon of disruptive technologies that initially serve isolated market niches and, as they mature, alter industry boundaries by displacing established technologies from mainstream segments. Using a model of horizontal and vertical differentiation, we show how the threat of disruption depends on rates of technological advance, how many firms use each technology, relative market segment sizes, and firms' ability to price discriminate. We characterize the effect of disruption on prices, market shares, social welfare, and innovation incentives. We show that the possibility that mergers trigger disruption and thereby alter industry boundaries is important for assessing their impact on social welfare and profits. KW - competion KW - disruptive KW - multi-level AU - Adner, Ron AU - Zemsky, Peter PY - 2005/// UR - http://dx.doi.org/10.2307/4135240 ER -

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