Munich Personal RePEc Archive

On the dynamics of innovators and imitators

Cerqueti, Roy and Tramontanta, Fabio and Ventura, Marco (2012): On the dynamics of innovators and imitators.

WarningThere is a more recent version of this item available.

Download (193kB) | Preview


After deriving a model describing the law of evolution of innovators and imitators the article focuses on their relationships under two different scenarios: prey-predator, in which innovators are regarded as preys, and competing species. Analytic results show that among the feasible equilibria the coexistence equilibrium is the only stable equilibrium under the fi�rst scenario. We also �find conditions on the parameters allowing local stability of the coexistence equilibrium in the second scenario. Such conditions imply the existence of an inverse-U shaped relationship between innovation and imitation.

Available Versions of this Item

MPRA is a RePEc service hosted by
the Munich University Library in Germany.