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ensuing innovation race, firms interact through information spillovers resulting from the imperfect appropriability of … behavioral regularities of agents who are engaged in innovation activities. As a key element we test to what extend relative … economic performance exercises a stimulating effect on the implementation of innovation and imitation strategies. …
Persistent link: https://www.econbiz.de/10005247887
For given product specifications by two competing firms the demand levels are determined by a randomly generated ideal composition of aspects. Firms can vary some demand. Although the product space is much too large to be explored systematically, we expect (and test for) rather reasonable...
Persistent link: https://www.econbiz.de/10005765188