Radical Innovation and Network Evolution. The Effect of the Genomic Revolution on the Evolution of the Pharmaceutical R&D Network
AbstractThis paper uses longitudinal data to examine how a radical technological innovation affects alliance formation of firms and subsequent network structures. We find that it requires radical technological change for firms to leave their embedded path of existing alliances and form new alliances with new partners. While new partners are mostly found through the firms'existing network, network, we provide some insight into "distant" link formation with unknown partners, which together create a small-world network structure
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Bibliographic InfoArticle provided by ENSAE in its journal Annals of Economics and Statistics.
Volume (Year): (2007)
Issue (Month): 87-88 ()
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