Petra Ahrweiler (Research Center Media and Politics, Institute for Political Science, University of Hamburg, Germany) Andreas Pyka (University of Augsburg, Department of Economics) Nigel Gilbert (School of Human Sciences, University of Surrey, Guildford, Surrey, GU2 7XH, United Kingdom)
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An agent-based simulation model representing a theory of the dynamic processes involved in innovation in modern knowledge-based industries is described. The agent-based approach allows the representation of heterogeneous agents that have individual and varying stocks of knowledge. The simulation is able to model uncertainty, historical change, effect of failure on the agent population, and agent learning from experience, from individual research and from partners and collaborators. The interactions between the agents occur on two levels: through a market with firms supplying and consuming goods for a price, and through the exchange of knowledge. A brief description of the implementation of the model and its user interface is given.
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Paper provided by Universitaet Augsburg, Institute for Economics in its series Discussion Paper Series with number
267.
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