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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- Jackie Krafft & Francesco Quatraro & Pier Saviotti, 2014.
"Knowledge characteristics and the dynamics of technological alliances in pharmaceuticals: empirical evidence from Europe, US and Japan,"
Journal of Evolutionary Economics, Springer,
Springer, vol. 24(3), pages 587-622, July.
- Krafft Jackie & Quatraro Francesco & Saviotti Pier Paolo, 2011. "Knowledge characteristics and the dynamics of technological alliances in Pharmaceuticals: Empirical evidence from Europe, US and Japan," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201113, University of Turin.
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