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Diversity of Innovative Strategy as a Source of Technological Performance Author info | Abstract | Publisher info | Download info | Related research | Statistics Patrick Llerena
Vanessa Oltra
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This paper explores the impact of diversity of innovative strategies 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 noncumulative firms adopt an external learning strategy aiming at absorbing external sources of knowledge. The results show that the co-existence of the 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 strategies generates a diversity in firms market shares and is a source of dynamic efficiency in the long run.
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Paper provided by DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies in its series DRUID Working Papers with number
00-1.
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Date of creation: 2000Date of revision:
Handle: RePEc:aal:abbswp:00-1Contact details of provider: Web page: http://www.druid.dk/
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Keywords: Industrial dynamics ; innovation ; diversity ; learning ; Other versions of this item:
Find related papers by JEL classification: L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance C63 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Computational Techniques O32 - Economic Development, Technological Change, and Growth - - Technological Change - - - Management of Technological Innovation and R&D
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