Evolving Networks of Inventors
Cowan, Robin, Jonard, Nicolas and Zimmermann, Jean-Benoit (2004). Evolving Networks of Inventors. UNU-MERIT Research Memoranda. UNU-MERIT.
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Sub-type Working paper Author Cowan, Robin
Jonard, Nicolas
Zimmermann, Jean-BenoitTitle Evolving Networks of Inventors Series Title UNU-MERIT Research Memoranda Volume/Issue No. 18 Publication Date 2004 Publisher UNU-MERIT Language eng Abstract In this paper a model for the formation of strategic alliances is studied. Innovation results from the recombination of knowledge held by the partners to the collaboration, and from the history of their collaboration. Innovation brings partners closer together, while at the same time the repetition of partnerships fosters trust and helps improving the outcome of each round of cooperation. A tension exists between innovating with people I know in order to reduce uncertainty at the expense of the net benefit fromour joint effort, and innovating with strangers with whom the outcome of joint innovation can be greater but at a larger risk of failure. This 'organized proximity', built through the experience of cooperation, can be at the origin of strongly structured networks of innovation, where agents' relations focus on limited cliques of partners. Keyword Networks
Innovation
Network formation
KnowledgeJEL L14
Z13
O3Copyright Year 2004 Copyright type All rights reserved -
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