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In this article, a modelling framework for the information transmission between agents in an evolutionary game setting is proposed. Agents observe traits which reflect past and present behaviour and success of other agents. If agents imitate more successful agents based on these traits, the...
Persistent link: https://www.econbiz.de/10013319806
Defensive innovations in developed countries can explain the empirical phenomenon that openness towards trade with less-developed countries does not necessarily induce a substantial increase in the wage differential and trade volumes. Building on step-by-step innovations as introduced by Aghion...
Persistent link: https://www.econbiz.de/10013320593
vs. imitation strategies that suggests that firms offering search services will increase firm performance through … imitation, while credence firms will increase firm performance through innovation strategies …
Persistent link: https://www.econbiz.de/10013321455
from negative externalities, i.e. spillovers to other firms, and hence imitation could be induced. To preempt imitation … highlight the trade-off of patenting by setting up a recursive system of equations on knowledge leakage and imitation that … functioning of the contemporary patent system. We find that patenting firms are being less confronted with imitation. The effect …
Persistent link: https://www.econbiz.de/10013323135
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incumbents. We examine the role in catch-up of late movers' optimal resource allocation between innovation and imitation … either imitation or innovation deters technological leadership change by late movers in the long run, since the leading firms … are moving targets. Furthermore, when a late mover's technology level is low, the late mover should focus on imitation and …
Persistent link: https://www.econbiz.de/10013023695
firms in the period 2008–2014 shows that imitation strategy is positively related to incremental innovation but has an … condition of the imitation strategy–innovation link—they strengthen the link between imitation strategy and incremental … innovation but weaken the link between imitation strategy and radical innovation …
Persistent link: https://www.econbiz.de/10013308029
We construct an endogenous growth model with random interactions where firms are subject to distortions. The TFP distribution evolves endogenously as firms seek to upgrade their technology over time either by innovating or by imitating other firms. We use the model to quantify the effects of...
Persistent link: https://www.econbiz.de/10013309719
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