Little attention has been devoted to the question of how late movers overcome first-mover advantage and catch up with incumbents. We examine the role in catch-up of late movers' optimal resource allocation between innovation and imitation. Building on Nelson and Winter's (1982) technology...

We examine the role of latecomers’ optimal resource allocation between innovation and imitation in latecomers’ catch-up under diverse technological regimes. Building on Nelson and Winter (1982), we develop computational models of technological leadership change. The results suggest that...

The issue of whether a new incompatible technology can challenge an established technology has been controversial in the literature on network effects. Some argue that such incompatible entry is difficult when the established technology has built up its installed base. Others argue that history...

This study examines when and how latecomers can surpass incumbents in technological capabilities with a focus on the role of technological opportunity. There is disagreement in theoretical prediction and evidence on whether technological opportunity is conducive to technological leadership...

This chapter compares the technological catch up paths of the semiconductor industry in China, Korea, Malaysia and Taiwan. Using the sectoral innovation approach the chapter shows significant variations and extent of catch up enjoyed by these countries in the semiconductor industry such that it...