Lee, Jeongsik; Kim, Byung-Cheol; Lim, Young-Mo - In: International Journal of Industrial Organization 29 (2011) 6, pp. 718-728
When are technological laggards more likely to try to catch up with leaders? We offer empirical evidence on firm-level data of plant investments in the TFT-LCD panel industry, where technological competition has been intense and dynamic. We find that the followers' level of technology has a...