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Strategic Concepts·Economics & Strategy
first-mover advantage

first-mover advantage

/ˌfɜːrst ˌmuːvər ədˈvæntɪdʒ/

🎯 Strategic Concepts

the benefit gained by being the initial actor in a market or game

first-mover advantage in a sentence

“Amazon's first-mover advantage in e-commerce proved decisive.”

Origin of first-mover advantage

From first + mover + advantage

Related Words

commitment device

a mechanism that binds one to a future course of action

signaling

actions taken to convey information about oneself to others

screening

actions by the uninformed party to induce information revelation

moral hazard

increased risk-taking by someone protected from consequences

adverse selection

the tendency for higher-risk individuals to seek insurance

credible threat

a threat that is believable because carrying it out is rational

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