@article {1192,
	title = {When a New Platform Enters a Market, What Is the Impact on Incumbents?},
	journal = {Technology Innovation Management Review},
	volume = {8},
	year = {2018},
	month = {10/2018},
	pages = {44-53},
	publisher = {Talent First Network},
	address = {Ottawa},
	abstract = {Digital platforms enable new forms of business models with the potential to disrupt and transform many industries. However, the impact of a platform{\textquoteright}s market entry on incumbents has not been taken into account. In this article, our objective is to provide evidence of the impact that a platform{\textquoteright}s market entry could have on incumbents. We proposed several hypotheses based on a literature review and then evaluated them using a large dataset from the taxi industry in New York City. Our analysis showed several changes after a platform{\textquoteright}s market entry. In contrast to previous understanding, the results indicate that the winner-takes-it-all-effect does not generally apply to the competition between new platforms and incumbents. Regarding the date of changes following a platform{\textquoteright}s market entry, we observed a chicken-or-egg problem in the competition between a platform and incumbents. Consequently, our results indicate that incumbents have at least one year to react to the market entry and to make adjustments. },
	keywords = {impact of market entry, incumbents, multi-sided market, platform competition, platforms, two-sided market},
	issn = {1927-0321},
	doi = {http://doi.org/10.22215/timreview/1192},
	url = {https://timreview.ca/article/1192},
	author = {Andreas J. Steur}
}
