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Schumpeterian competition in which incumbents and latecomers compete with innovation and imitation R&D. First, the results suggest … opposing effects exist by exploring latecomers' R&D allocation between innovation and imitation. The results highlight that … imitation R&D is a necessary condition for latecomers to leverage technological opportunity (i.e., enabling the positive effect …
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New industries sparked by technological change are characterized by high uncertainty. In this paper we explore how a firm's conceptualization of products in this context, as reflected by product feature choices, is influenced by prior industry affiliation. We study digital cameras introduced...
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