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decreases with the radius of information of agents. -- Game Theory ; Cooperation ; Imitation Learning ; Network Formation … games. Agents are boundedly rational and choose both actions and interaction partners via payoff-based imitation. The … dynamics of imitation and exclusion yields polymorphic outcomes under a wide range of parameters. Depending on the parameters …
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We study a quality-ladder model of endogenous growth that produces stochastic leadership cycles. Over a cycle, industry leaders can innovate several successive times in the same industry, gradually increasing the magnitude of their technological lead before being replaced by a new entrant....
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To stay ahead of the competition, firms need to constantly adapt to the changing environment by identifying new opportunities and product innovations. The search for future discontinuities and trends using external knowledge sources enables firms to develop a foresight capability to proactively...
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Prior research has shown that users are a valuable resource for identifying new product or service innovations. However, few scholars have analyzed how different user types such as intermediate and end users are interacting along the value chain of an emerging new product and how they contribute...
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