The emergence of paradigm setters through firms’ interaction and network formation

Andergassen, Rainer and Nardini, Franco and Ricottilli, Massimo (2004) The emergence of paradigm setters through firms’ interaction and network formation. p. 16. DOI 10.6092/unibo/amsacta/1564.
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Abstract

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 innovationuseful 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.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Andergassen, Rainer
Nardini, Franco
Ricottilli, Massimo
Keywords
Networks, bounded rationality, technological change, innovative capability, paradigm setters
Subjects
DOI
Deposit date
15 Feb 2006
Last modified
17 Feb 2016 14:33
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