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 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/first-mover-advantage",
 "identifier": "kaal:entity:first-mover-advantage",
 "name": "First mover advantage",
 "termCode": "first-mover-advantage",
 "inDefinedTermSet": {
  "@id": "https://wulfkaal.github.io/entities/index.json"
 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
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 "additionalProperty": [
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   "value": 2
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   "value": 2
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   "name": "year_span",
   "value": [
    "2017",
    "2017"
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 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2834531-030",
   "identifier": "kaal:claim:2834531-030",
   "text": "In a world where regulatory competition is the new normal, regulators can pay a heavy economic price for being overly cautious or for abandoning the attempt to establish a meaningful basis for regulation, because first mover markets capture the benefits.",
   "abstract": "regulators can pay a heavy economic price for being overly cautious or abandoning the project of trying to establish a meaningful basis for regulation.",
   "citation": "Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Regulation Tomorrow What Happens When Technology Is Faster Than the Law (2017). SSRN: https://ssrn.com/abstract=2834531",
   "datePublished": "2017",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "global markets with mobile investment and jurisdictional competition"
   ],
   "source_pdf_sha256": "9cd875ebdb0266febbdcdabfca5b9b9f0de1b7ad9e3d5a8a5971bdbe469323b7",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2939127-004",
   "identifier": "kaal:claim:2939127-004",
   "text": "Law schools that invest early in artificial intelligence, machine learning, and blockchain will gain a comparative advantage over peer schools irrespective of ranking, because demand for lawyers trained in those technologies is likely to spike once law firm adoption crosses a threshold.",
   "abstract": "comparative advantage vis-à-vis their peers, regardless of the ranking of such school, because the demand for lawyers adequately trained in artfical intelligence, machine learning, and blockchain is likely to increase sharply at a threshold point of law firm adoption.",
   "citation": "Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Legal Education in the Blockchain Revolution (2017). SSRN: https://ssrn.com/abstract=2939127",
   "datePublished": "2017",
   "claim_type": "mechanism",
   "confidence": "speculative",
   "is_failure_mode": false,
   "scope_conditions": [
    "first mover law schools that make the financial investment",
    "a threshold point of law firm adoption is reached"
   ],
   "source_pdf_sha256": "abcef529c7200261c59eec43018375b3b26e3186239fb9d002bacc298dba26ff",
   "status": "current"
  }
 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'first-mover-advantage'. Derived node: a roster, not an adjudicated definition."
}