König, Michael D.; Lorenz, Jan; Zilibotti, Fabrizio - In: Theoretical economics : TE ; an open access journal in … 11 (2016) 3, pp. 1053-1102
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 …