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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title Recombinant knowledge and the evolution of innovation networks
Organization Unit
Authors
  • Stefano Battiston
  • M Napoletano
  • F Schweitzer
  • Michael D König
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Journal Title Journal of Economic Behavior & Organization
Publisher Elsevier
Geographical Reach international
ISSN 0167-2681
Volume 79
Number 3
Page Range 145 - 164
Date 2011
Abstract Text We introduce a new model for the evolution of networks of firms exchanging knowledge in R&D partnerships. Innovation is assumed to result from the recombination of knowledge among firms in an R&D intensive industry. The decision of two firms to establish a new partnerships or to terminate an existing one, is based on their marginal revenues and costs, which in turn depend on the position they occupy in the network. Moreover, the formation of a collaboration has significant external effects on the other firms in the same connected component of the network. We show that this decentralized partner selection process leads to the existence of multiple equilibrium structures. Finally, by means of computer simulations, we study the properties of the emerging equilibrium networks and we show that they reproduce the stylized facts of R&D networks.
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Digital Object Identifier 10.1016/j.jebo.2011.01.007
Other Identification Number merlin-id:10145
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