On the coexistence of innovators and imitators

Roy Cerqueti, Fabio Tramontana and Marco Ventura

Technological Forecasting and Social Change, 2015, vol. 90, issue PB, 487-496

Abstract: The article develops a model laying a foundation for the idea that the relationships between competitors in the knowledge diffusion market can be described by a Lotka–Volterra system. The model can accommodate both the scenario of prey–predator and that of competition between innovators and imitators. Analytic results and numerical simulations show that a stable coexistence equilibrium is feasible under both scenarios. The work also discusses the conditions under which these results are achievable.

Keywords: Imitation; Innovation; Lotka–Volterra system; Knowledge diffusion; Intellectual property right (search for similar items in EconPapers)
JEL-codes: C6 O31 O33 O34 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:90:y:2015:i:pb:p:487-496

DOI: 10.1016/j.techfore.2014.03.011

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