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 … allocate more R&D resources to innovation and attempt technological leapfrogging. This transition from imitation to innovation …

We examine the role of latecomers’ optimal resource allocation between innovation and imitation in latecomers’ catch … leadership change. The results suggest that one-sided dependency upon either imitation or innovation deters technological … makes imitation a more effective strategy compared to innovation; in addition, while a higher level of cumulativeness tends …

between imitation and innovation. Using US patent data for the period 1977-2005, we find that there are inverted U …-shaped relationships between the degree of industry-level technological imitation and industry-level innovation activities and between the … degree of industry-level technological imitation and the value of firm-level innovation. Our results suggest that positive …

technological progress. Innovation and imitation are strategic substitutes and exhibit negative feedback. Endogenous technological … innovators and free imitators, and study the endogenous interplay of innovation decisions, market price dynamics and … change is the cumulative outcome of innovation decisions. There are three scenarios: market breakdown, Schumpeterian rents …

imitate instead of concurrently investing in innovation, which alleviates competitive pressure. In contrast with the classical … incentives to quickly develop new technologies, which, ultimately, reduces the pace and profits of imitation. Our theoretical …

technologies and imitation of industry leaders. Employment growth in leader firms is encouraged whereas growth of backward firms is … not as well received on the stock market. -- Distance to frontier ; Strategy ; Market value ; Innovation ; Firm Growth …