loser's curse version of the Bazerman-Samuelson takeover game. Because of the way these problems are constructed, imitation …

neighbors. Agents learn about behavior through payoff-biased imitation of their interaction neighbors (and possibly some agents … one where everyone chooses defection. Introducing a sufficiently strong conformist bias into the imitation process we find …

that outperforms all other rules with this property is the one that specifies imita-tion of the action of an individual …

imitation. Every period an agent is randomly chosen from each of n finite populations to play a game. Each agent observes a …

with a continuum of countries. Countries are different in research productivity. Innovation, imitation and the relative …

This paper analyzes the growth and welfare effects of competition in an endogenously-growing economy with imitation and … non-diversifiable risk. The main findings are as follows. There is no imitation without positive profits during innovation …, the economy grows faster than when they are of medium size. If the government subsidizes innovation and imitation …

endogenous technology innovation and imitation. We show that, unlike the neoclassical growth framework, the transitional dynamics …

technology that exhibits diminishing imitation opportunities is sufficient to account for the observed average patterns. We also …