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> IExplorer 5 was the best browser available That's web 1.0 > but no, it's not monopolies that create the opportunity for disruption, but the exact opposite o
by kmlx 7y ago
> IExplorer 5 was the best browser available
That's web 1.0
> but no, it's not monopolies that create the opportunity for disruption, but the exact opposite of a monopoly, which is competition, often made possible by advances in technology.
monopolies innovate less, thus making them prone for disruption.
"We develop a new theory of why a monopolistic industry innovates less than a competitive industry"
http://www.dklevine.com/papers/monopoly_innovation.pdf http://www.dklevine.com/papers/monopoly_innovation.pdf