Self-organization of R&D search in complex technology spaces

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چکیده

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MERIT-Infonomics Research Memorandum series Self-organization of R&D search in complex technology spaces

We extend an earlier model of innovation dynamics based on invasive percolation by adding endogenous R&D search by economically motivated firms. The {0,1} seeding of the technology lattice is now replaced by draws from a lognormal distribution for technology ‘difficulty’. Firms are rewarded for successful innovations by increases in their R&D budget. We compare two regimes. In the first, firms ...

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ژورنال

عنوان ژورنال: Journal of Economic Interaction and Coordination

سال: 2007

ISSN: 1860-711X,1860-7128

DOI: 10.1007/s11403-007-0023-1