Comparing Strategies of Collaborative Networks for R&D: An Agent-Based Study
AbstractIn this work we analyze the evolving dynamics of different strategies of collaborative networks that emerge from the creation and diffusion of knowledge. An evolutionary economic approach is adopted by introducing decision rules that are applied routinely and an agent-based model is developed. Firms (the agents) can collaborate and create networks for research and development purposes. We have compared three collaboration strategies (A—peer-to-peer complementariness, B—concentration process and C—virtual cooperation networks) that were defined on the basis of literature and on empirical evidence. Strategies are introduced exogenously in the simulation. The aims of this paper are twofold: (i) to analyze the importance of the networking effects; and (ii) to test the differences among collaboration strategies. It was possible to conclude that profit is associated with higher stock of knowledge and with smaller network diameter. In addition, concentration strategies are more profitable and more efficient in transmitting knowledge through the network. These processes reinforce the stock of knowledge and the profit of the firms located in the centers of the networks. Copyright Springer Science+Business Media New York 2013
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Bibliographic InfoArticle provided by Society for Computational Economics in its journal Computational Economics.
Volume (Year): 42 (2013)
Issue (Month): 1 (June)
Collaborative networks; Multi-agent system; Collaboration strategies; Knowledge; D85; C63; L29;
Other versions of this item:
- Pedro Campos & Pavel Brazdil & Isabel Mota, 2011. "Comparing Strategies of Collaborative Networks for R&D: an agent-based study," FEP Working Papers 405, Universidade do Porto, Faculdade de Economia do Porto.
- D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- L29 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Other
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