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The Emergence of Paradigm Setters through Firms' Interaction and Network Formation

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  • R. Andergassen
  • F. Nardini
  • M. Ricottilli

Abstract

Technological innovation requires the gathering of information through a process of searching and learning. We distinguish two different but definitely complementary and overlapping ways through which searching and learning occur. The first exploits the spillover potential that lies in a firm’s network and thanks to which gathering innovationuseful information is actually possible. The second is the autonomous capacity that a firm possesses in order to carry out in-house innovative search. We build a model where rationally bounded firms try to increase their innovative capability through endogenous networking. The paper characterizes the emergence of technological paradigm setters in terms of network properties as they result from searching routines, furthermore the corresponding average efficiency of the system in terms of innovative capability is assessed.

Suggested Citation

  • R. Andergassen & F. Nardini & M. Ricottilli, 2004. "The Emergence of Paradigm Setters through Firms' Interaction and Network Formation," Working Papers 525, Dipartimento Scienze Economiche, Universita' di Bologna.
  • Handle: RePEc:bol:bodewp:525
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    References listed on IDEAS

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    1. Alan Kirman, 1997. "The economy as an evolving network," Journal of Evolutionary Economics, Springer, vol. 7(4), pages 339-353.
    2. Arenas, Alex & Diaz-Guilera, Albert & Perez, Conrad J. & Vega-Redondo, Fernando, 2002. "Self-organized criticality in evolutionary systems with local interaction," Journal of Economic Dynamics and Control, Elsevier, vol. 26(12), pages 2115-2142, October.
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    Cited by:

    1. R. Andergassen & F. Nardini & M. Ricottilli, 2005. "Firms' Network Formation Through the Transmission of Heterogeneous Knowledge," Working Papers 543, Dipartimento Scienze Economiche, Universita' di Bologna.
    2. Massimo Ricottilli, 2006. "Constraints and Freedom of Action: a fitness trade-off," Working Papers 580, Dipartimento Scienze Economiche, Universita' di Bologna.
    3. Rainer Andergassen & Franco Nardini, 2005. "Firms’ Network Formation Through The Transmission Of Heterogeneous Knowledge," Computing in Economics and Finance 2005 322, Society for Computational Economics.
    4. Ricottilli, Massimo, 2015. "Innovation through local interaction, imitation and investment waves," Structural Change and Economic Dynamics, Elsevier, vol. 33(C), pages 58-70.
    5. Rainer Andergassen & Franco Nardini & Massimo Ricottilli, 2015. "Emergence and Resilience in a Model of Innovation and Network Formation," Networks and Spatial Economics, Springer, vol. 15(2), pages 293-311, June.

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