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 …