Theory of ecomnomic competition: been thinking through a couple of concepts from disparate fields, wondering if there is a kind of 'grand unified theory of competition' that describes any arena that can be viewed as economic competition.
A mature market is one in which there are a few big winners and lots of little ones (power law distribution). A market change shows itself via a 'speciation event', the sudden appearanceof lots of new entities, the majority of which crash.
The big winners grow organically, benefitting from constant application of small advantages. A corollary is that it's unlikely you can launch a big, fully-formed competitor at one stroke and expect success (pets.com comes to mind).
Now I'm looking for instances which prove or disprove this admittedly rough and incomplete theory...
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2:48:04 PM
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