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 …

This paper studies a simple model of experimentation and innovation. Our analysis suggests that patents may improve the … allocation of resources by encouraging rapid experimentation and efficient ex post transfer of knowledge across firms. Each firm … project to implement. A successful innovation can be copied by other firms. Symmetric equilibria (where actions do not depend …

This paper studies a simple model of experimentation and innovation. Our analysis suggests that patents may improve the … allocation of resources by encouraging rapid experimentation and efficient ex post transfer of knowledge across firms. Each firm … project to implement. A successful innovation can be copied by other firms. Symmetric equilibria (where actions do not depend …

This paper studies a simple model of experimentation and innovation. Our analysis suggests that patents may improve the … allocation of resources by encouraging rapid experimentation and efficient ex post transfer of knowledge across firms. Each firm … project to implement. A successful innovation can be copied by other firms. Symmetric equilibria (where actions do not depend …

Pharmaceutical System of Innovation -- Outsourcing and Diffusion of Knowledge in ICT Clusters … innovation of labor markets, the spatial distribution of innovation dynamics, and the meaning of knowledge generation and … applied to the multi-facetted phenomena of economic development, and that a strong orientation on knowledge and innovation is …