• Media type: E-Book
  • Title: A Theory of Visionary Disruption
  • Contributor: Gans, Joshua [VerfasserIn]
  • Corporation: National Bureau of Economic Research
  • imprint: Cambridge, Mass: National Bureau of Economic Research, May 2022
  • Published in: NBER working paper series ; no. w30091
  • Extent: 1 Online-Ressource; illustrations (black and white)
  • Language: English
  • Keywords: Disruptive Innovation ; Störungsmanagement ; Entrepreneurship ; Business Administration ; Management of Technological Innovation and R&D ; Arbeitspapier ; Graue Literatur
  • Reproduction note: Hardcopy version available to institutional subscribers
  • Origination:
  • Footnote:
  • Description: Exploitation of disruptive technologies often requires resource deployment that creates conflict if there are divergent beliefs regarding the efficacy of a new technology. This arises when a visionary agent has more optimistic beliefs about a technological opportunity. Exploration in the form of experiments can be persuasive when beliefs differ by mitigating disagreement and its costs. This paper examines experimental choice when experiments need to persuade as well as inform. It is shown that, due to resource constraints, persuasion factors more highly for entrepreneurial than incumbent firms. However, incumbent firms, despite being able to redeploy resources using authority, are constrained in adoption as exploration cannot mitigate the costs of disagreement
  • Access State: Open Access