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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 …
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The main objective of this empirical paper is to identify characteristics of imitation and innovation and shed light on … different types of innovating firms show that an innovation performance hierarchy exists ranking from occasional innovators …
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