Abstract
This entry places the concept of potential competition in industrial organization economics. Late twentieth-century economic analyses have brought theoretical rigour and empirical evidence for this concept. These years have also seen the emergence of alternative concepts in strategic management, and changes in the nature of competition among firms that relatively favours these alternate concepts. The importance and range of business activity that the concept of potential competition is expected to explain has thus narrowed, even as this concept has become more formal, more proven and more readily applicable.
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Thomas, L.G. (2016). Potential Competition. In: Augier, M., Teece, D. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-94848-2_436-1
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DOI: https://doi.org/10.1057/978-1-349-94848-2_436-1
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Publisher Name: Palgrave Macmillan, London
Online ISBN: 978-1-349-94848-2
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