Diversity of innovative strategy as a source of technological performance
AbstractThis paper explores the impact of diversity of innovative strategy of firms upon the industrial dynamics through a micro-simulation model. We consider two types of firms each one being characterised by a specific innovative strategy. Basically we assume that some cumulative firms adopt an internal learning by searching strategy, while non-cumulative firms adopt an external learning strategy aiming at absorbing external sources of knowledge. The results show that the co-existence of these two types of firms leads to an oligopolistic structure characterised by asymmetries in the size of firms and high technological performances. Thus the diversity of innovative strategy generates a diversity in firms market shares and is a source of dynamic efficiency in the long run.
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Bibliographic InfoArticle provided by Elsevier in its journal Structural Change and Economic Dynamics.
Volume (Year): 13 (2002)
Issue (Month): 2 (June)
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Web page: http://www.elsevier.com/locate/inca/525148
Other versions of this item:
- Patrick Llerena & Vanessa Oltra, 2000. "Diversity of Innovative Strategy as a Source of Technological Performance," DRUID Working Papers 00-1, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
- Patrick LLERENA & Vanessa OLTRA, 2001. "Diversity of innovative strategy as a source of technological performance," Working Papers of BETA 2001-12, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
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