improvements in which innovation and imitation are modeled as the outcomes of research and development (R&D) races. Specific …

variety of first-mover advantages and that `imitation' is itself a costly activity. There is also accumulating evidence that …) regime, and explicitly characterise the circumstances in which an open approach, despite its effect on facilitating imitation …

This article discusses the use of imitation modeling in the conduct of institutional research. The institutional … is applied to the analysis of social behavior. The article describes the basic principles and methodology of imitation … modeling. Imitation modeling reveals the importance of institutions in structuring social transactions. The article concludes …

both strategies is stochastic. The choice between in-house R\&D and imitation is endogenous, and based on firms' profit … maximization motive. Firms closer to the technological frontier face fewer imitation opportunities, and choose in-house R\&D, while …