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 study examines factors underlying three phases of change or persistence in industrial leadership in the sector of interchangeable-lens cameras over the past century. During this period there were two major phases of leadership change, both associated with the emergence of innovations...

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...

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...