• Fishing for an institution-based first-mover advantage: The Norwegian snow crab case 

      Bertheussen, Bernt Arne; Nøstvold, Bjørg Helen; Ruiken, Ida Maria (Journal article; Tidsskriftartikkel; Peer reviewed, 2020-06-17)
      When the first Norwegian commercial catch of snow crabs was taken in the Barents Sea in 2012, an unexpected opportunity arose to create a new, profitable natural resource-based industry. However, hidden under the surface were massive biological, technological, and institutional uncertainties. This study first explores what motivated the entrepreneurs to invest in an industry exposed to extreme ...
    • Sustainability of a first-mover strategy in the emerging Norwegian snow crab industry 

      Bertheussen, Bernt Arne; Nøstvold, Bjørg Helen (Journal article; Tidsskriftartikkel; Peer reviewed, 2020-11-20)
      The initial stage of the emerging Norwegian snow crab (SC) industry was characterized by excessive optimism, and this case study explores whether the early entrants have gained sustainable first-mover advantages. Unfortunately, the investments have not been profitable as the firms made a yearly average negative profit of more than 10% in the period examined. Accordingly, the early entrants have so ...