INNOVATION AND IMITATION IN AN INFORMATION AGE
成果类型：
Article
署名作者：
Cooley, Thomas F.; Yorukoglu, Mehmet
署名单位：
New York University; University of Chicago
刊物名称：
JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
ISSN/ISSBN：
1542-4766
DOI：
10.1162/154247603322391044
发表日期：
2003
页码：
406-418
关键词：
摘要：
We study the behavior of imitation and innovation in a dynamic general equilibrium model that captures the salient features of an information age. We study a world where innovations can be made but at a cost that reflects the type of goods. After innovation takes place, imitation is possible but again at some cost which reflects the nature of the good. We show that the behavior of innovation and imitation are very different for high information content goods and low information content goods and this has important implications for the structure and evolution of industry. (JEL: O31, L16)
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