Emergence and Resilience in a Model of Innovation and Network Formation
| Autor: | Franco Nardini, Rainer Andergassen, Massimo Ricottilli |
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| Přispěvatelé: | Rainer Andergassen, Franco Nardini, Massimo Ricottilli |
| Jazyk: | angličtina |
| Rok vydání: | 2015 |
| Předmět: |
Adaptive behavior
Computer Networks and Communications Technological change business.industry Bounded Rationality Rationality Network Technological Change Bounded rationality Network formation Artificial Intelligence Economics Local search (optimization) Operations management Resilience (network) business Heuristics Innovative Capability Software Industrial organization Paradigm Setters |
| Popis: | Technological innovation requires the gathering of information through a process of searching and learning. We distinguish two different but definitely complementary and overlapping ways through which searching and learning occur. The first exploits the spillover potential that lies in a firm’s network and thanks to which gathering innovation-useful information is actually possible. The second is the autonomous capacity that a firm possesses in order to carry out in-house innovative search. We build a model where rationally bounded firms try to increase their innovative capability through endogenous networking. The paper characterizes the emergence of technological paradigm setters in terms of network properties as they result from searching routines, furthermore the corresponding average efficiency of the system in terms of innovative capability is assessed. |
| Databáze: | OpenAIRE |
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