On the coexistence of innovators and imitators

Roy Cerqueti

Research output: Contribution to journalArticlepeer-review

26 Citations (Scopus)

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.
Original languageEnglish
Pages (from-to)487-496
JournalTechnological Forecasting and Social Change
DOIs
Publication statusPublished - Jan 2015
Externally publishedYes

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