history dependency is developed. Firms can accumulate knowledge by investing in R&D. As a benchmark without knowledge … experience by performing R&D the resulting effect of knowledge induces technological leaders to rest on their laurels which … ; innovation ; knowledge ; market structure …

with history dependency. Firms can accumulate knowledge by investing in R&D. As a benchmark I show that without knowledge … experience by performing R&D the resulting effect of knowledge induces technological leaders to rest on their laurels which … ; innovation ; knowledge ; market structure …