search query: @freeterm imitation / total: 7
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| Author: | Cooley, T.F. Yorukoglu, M. |
| Title: | Innovation and imitation in an information age |
| Journal: | Journal of the European Economic Association
2003 : APR-MAY, VOL. 1:2-3, p. 406-418 |
| Index terms: | Dynamic models Innovation |
| Freeterms: | Information age Imitation |
| Language: | eng |
| Abstract: | The behaviour of imitation and innovation is studied in a dynamic general equilibrium model that captures the salient features of an information age. A world where innovations can be made but at a cost that reflects the type of goods is studied. After innovation takes place, imitation is possible but again at some cost which reflects the nature of the good. |
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