Construct · 1 fields · 1 citations

business-stealing effect: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
business-stealingeffect1 CONSTRUCTBusiness-stealing effectMANKIW · ECONOMICS OF

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Economics of innovation and growth

the private gain an entrant captures by taking customers from incumbents, which can lead to socially excessive entry or innovation.

In economics of innovation and growth, business-stealing effect refers to the private gain an entrant captures by taking customers from incumbents, which can lead to socially excessive entry or innovation. This meaning comes from Mankiw (1986) in The RAND Journal of Economics.[1]

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Nearby constructs

gain4 fields · 4 citationsjingle · one word, four constructsgrowth4 fields · 4 citationsjingle · one word, four constructsinnovation6 fields · 11 citationsjingle · one name, six constructs

References

  1. Mankiw, N. G., & Whinston, M. D. (1986). Free Entry and Social Inefficiency. The RAND Journal of Economics, 17(1), 48. https://doi.org/10.2307/2555627

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