Competition in Innovation and Imitation - A Theoretical and Experimental Study -

Uwe Cantner (), Werner Gueth (), Andreas Nicklisch () and Torsten Weiland ()
Authors registered in the RePEc Author Service: Werner Güth ()

Papers on Strategic Interaction from Max Planck Institute of Economics, Strategic Interaction Group

Abstract: For given product specifications by two competing firms the demand levels are determined by a randomly generated ideal composition of aspects. Firms can vary some demand. Although the product space is much too large to be explored systematically, we expect (and test for) rather reasonable innovative success and welfare levels due to own innovative attempts and imitation of a successful other. Parameter variations concern the pioneer advantage and search costs.

Keywords: Innovation; Imitation; Patent Tournament; Trial and Error Process (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-exp, nep-ino and nep-tid
Date: 2003-11
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Working Paper: Competition in Innovation and Imitation - A Theoretical and Experimental Study - (2004)
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