Much research has examined the drivers of firms' R&D investments. However, many questions remain with respect to the role of R&D as a learning target and as a means of achieving legitimacy, particularly in the context of imitative R&D strategy. We develop a theory that integrates different...

The fraction of R&D active firms decreased in Switzerland but increased in the Netherlands from 2000-2016. This paper examines reasons for this divergence and its impact on productivity growth. Our micro-data reveal R&D concentration among high-productivity firms in Switzerland. Innovation...

We investigate the role and performance of imitative behavior in a class of quantity-setting, Cournot games. Within a framework of evolutionary competition between rational, myopic best-response and imitation heuristics with differential heuristics' costs, we found that the equilibrium stability...

In order to learn a task through behavior cloning, a dataset consisting of state-action pairs is needed. However, this kind of data is often not available in sufficient quantity or quality. Consequently, several publications have addressed the issue of extracting actions from a sequence of...

In this paper we replicate most of the stylized facts characterizing the decline in business dynamism in the USA highlighted by Akcigit and Ates (2021) and provide an explanation of their emergence by means of a macroeconomic agent-based model populated by two types of firms: innovators who...

Research in the strategy literature that highlights the role of imitation has tended to focus primarily on its detrimental effects on the performance of imitated firms. Developing the notion of vicarious experimentation, we examine how innovators can learn from being imitated. Specifically, we...

The main idea of the article says that the concept BM imitation (BMIm) has not been developed adequately in the strategic management field, even though it has been greatly used recently by researchers. Therefore, the aim of our research is to propose a definition of BMIm and to highlight the...

In this paper we replicate most of the stylized facts characterizing the decline in business dynamism in the USA highlighted by Akcigit and Ates (2021) and provide an explanation of their emergence by means of a macroeconomic agent-based model populated by two types of firms: innovators who...

The fraction of R&D active firms decreased in Switzerland but increased in the Netherlands from 2000-2016. This paper examines reasons for this divergence and its impact on productivity growth. Our micro-data reveal R&D concentration among high-productivity firms in Switzerland. Innovation...

Information disclosure in crowdfunding is a double-edged sword: On the one hand, releasing more information can induce more contributors to pledge; on the other hand, more public information lowers the barrier to entry and attracts opportunistic copycats. This paper investigates how the startup...

The distributional consequences of intra-industry trade are well documented in the literature, yet exporting firms shape trade policy in their favor. How? I argue that exporters expect higher returns from lobbying when they face more intense import competition. I introduce a model of...

Gabriel Tarde was a French sociologist and criminologist whose work is rediscovered from time to time. Economists of innovation have paid insufficient attention to an author who devoted a large part of his work to the laws of imitation and invention. The purpose of this paper is threefold. The...

Active share, as proposed by Cremers and Petajisto (2009) and Cremers (2017), represent the proportion of portfolio holdings that differs from the benchmark index holdings. I show that holdings represented by the active share could in fact be very similar with holdings of other same-benchmark...

This paper empirically investigates the influences of financial constraint, sources, supports, and loan applications on firms’ research and development (R&D). We separately consider general R&D and green R&D. Further, under each R&D, we distinguish between independent innovation and dependent...

Myopic individuals belonging to an infinite population repeatedly and independently have to choose one of two actions. Between choices each individual is informed about the success of one random other individual. We search among rules with a single round of memory for a rule that attains minimax...

Strategic imitation occurs when a firm purposefully attempts to reproduce, in whole or part, other firms’ products, processes, capabilities, technologies, structures, and/or decisions in its pursuit of competitive advantage. Imitation is a pervasive firm behavior, and the literature relating...

Under general demands and costs, this paper investigates the evolutions of Cournot and Bertrand firms in imitation and replicator dynamics. All-Cournot firms, all-Bertrand firms and both-type’s co-existence can be globally asymptotically stable limits of replicator dynamics, while only the...

I examine and compare patent licensing through a fixed fee and a per-unit royalty under Cournot competition. I consider licensing by an incumbent patent owner to one or two other competing firms that can obtain a patented technological improvement through a technology transfer or...

This paper illustrates an artificial ecosystem where hierarchical organizations emerge out of collisions between individuals, problems, solutions and choice opportunities according to the rules of the Garbage Can Model of organizational choice (GCM). This artificial world suggests that specific...

Objective: The objective of the article is to identify challenges and success factors related to the imitation of the digital platform business model in other industries. Research Design & Methods: We based our research on a single case study of an extra-industry imitation performed by a digital...

The paper analyzes under what circumstances policymakers experiment with policies with uncertain outcomes, when they prefer to imitate policies initiated in other countries, and when they prefer to coordinate policies internationally. Policymakers have private costs of active policies and...

This study focuses on discovered versions of coordination games with unawareness, and proposes a novel solution concept under unawareness named a successful-coordination equilibrium. In games with unawareness, coordination might fail because the models assume that agents are unaware of their...

Social learning often occurs between groups with different levels of experience. Yet little is known about the ideal behavioral rules in such contexts. Existing insights only apply when individuals learn from each other in the same group. In this paper, we close this gap and consider two groups,...

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...

We show that commercial mortgage borrowers behave opportunistically in order to obtain principal reductions. To guide our empirical analysis, we develop a model in which lenders cannot perfectly observe borrowers' use values and renegotiation is costly. We then study the effects of a 2009 IRS...

How do firms’ IP strategies respond to sudden increases in product-market imitation? Using a 2001 technological shock that enabled rising software piracy, we implement an instrumental-variables estimator to compare a treatment group of at-risk-of-piracy firms with matched not-at-risk control...