The Random Part in Network Evolution
AbstractEconomic behavior strives for efficiency. Therefore, also evolving network structures should be a result of such a goal-oriented behavior. Traditionally, networks were assumed to be only temporary phenomena, since the prevailing organizational forms that comply with the efficiency postulate are either firms or markets. Having a goal in mind, however, does not incur a set of unique choices of action, especially in situations under high uncertainty when engaging in invention networks. Consequently, there is no uniqueness in network structures. There is a random part in network evolution driven by generic mechanisms. A percolation model is used to model the generic development of invention networks. A Monte-Carlo simulation underlines the expectable patterns of network evolution. Moreover, it is tried to align the generic part of the story to the operant level where entrepreneurial behavior and market selection takes over the dominant role in network formation.
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Bibliographic InfoPaper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2009-039.
Date of creation: 25 May 2009
Date of revision:
R&D cooperation; percolation theory; knowledge diffusion; networks;
Find related papers by JEL classification:
- A10 - General Economics and Teaching - - General Economics - - - General
- B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
- B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
- B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
- B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Institutional; Evolutionary
- C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
- D03 - Microeconomics - - General - - - Behavioral Microeconomics; Underlying Principles
- D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
- I10 - Health, Education, and Welfare - - Health - - - General
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-06-03 (All new papers)
- NEP-KNM-2009-06-03 (Knowledge Management & Knowledge Economy)
- NEP-MIC-2009-06-03 (Microeconomics)
- NEP-NET-2009-06-03 (Network Economics)
- NEP-SOC-2009-06-03 (Social Norms & Social Capital)
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