Business stealing is the (negative) effect on competitors' demand when a firm changes some action (usually in relation to pricing, but could be any strategic choice variable of the firm). This is opposed to increasing demand through from consumers already buying from the firm, or bringing in new consumers …

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Embezzlement is the act of withholding.ets for the purpose of conversion (theft) of such.ets, by one or more persons to whom the.ets were entrusted, either to be held or to be used for specific purposes. Embezzlement is a type of financial fraud, e.g. a lawyer might embezzle funds from the trust accounts of their …

For example, a company may manufacture cars, and later begin manufacturing trucks. While both products appeal to the same general market (drivers) one may fit an individual's needs better than the other. However, corporate cannibalism often has negative effects: the car manufacturer's customer base may begin buying …

May 15, 2017 – The important insight of their work is that in a industry with.genous product and fixed cost of entry, imperfect competition and business stealing effect can produce excessive entry from a social stand-point of view. When integer constraints are accounted, the free-entry number of firms can be less than …

We discuss the replacement effect where a monopolist has a weaker incentive to invest in R&D compared to firms in a competitive environment (Arrow, 1962) and contrast this with the business stealing effect where an incumbent has a stronger incentive to invest in R&D compared to a potential new entrant (Gilbert and …

Metcalfe's law was often cited during the dot- com boom, write mathematicians Andrew Odlyzko and Benjamin Tilly, “to justify business plans that had the infamous 'hockey stick' … Beyond that stage, the addition of a single member to the network would have the effect of almost doubling the total economic value of the world.