Dominant firms and their alleged decline |
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| Authors: | Paul A Geroski Alexis Jacquemin |
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| Institution: | University of Southampton, Southampton SO9 5NH, UK;Université Catholique de Louvain, B-1348 Louvain-la-Neuve, Belgium;Université Catholique de Louvain, B-1348 Louvain-la-Neuve, Belgium |
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| Abstract: | By way of a survey of recent literature on the theory of strategic competition, this paper focuses on the question of whether dominant firms decline; the traditional argument suggesting decline is found to be based on a rather unsatisfactory modelling of dominance, and more acceptable conceptualizations suggest that such privileged positions will persist. |
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