Faculty News
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Nobel Laureate Prof. Michael Spence on Groupon's first-mover advantage
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![Newsweek Logo Newsweek Logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_036515.gif?h=cd55d432&itok=V_fwl49V)
Excerpt from Newsweek -- " ... Groupon represents a textbook case of the business principle known as first-mover advantage. ... As Nobel Prize–winning economist Michael Spence observed, a business that swiftly achieves and maintains dominance can reap superior profits and enjoy unrivaled customer loyalty."
Faculty News
—
![Newsweek Logo Newsweek Logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_036515.gif?h=cd55d432&itok=V_fwl49V)
Excerpt from Newsweek -- " ... Groupon represents a textbook case of the business principle known as first-mover advantage. ... As Nobel Prize–winning economist Michael Spence observed, a business that swiftly achieves and maintains dominance can reap superior profits and enjoy unrivaled customer loyalty."