The evolution of R&D networking in the biotech industries

Author: Pyka Andreas   Saviotti Paolo  

Publisher: Inderscience Publishers

ISSN: 1368-275X

Source: International Journal of Entrepreneurship and Innovation Management, Vol.5, Iss.1-2, 2005-02, pp. : 49-68

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Abstract

The paper deals with the evolution of R&D networks in the biopharmaceutical industries. For this purpose, an agent-based-computational model towards evolutionary economics is developed which is able to generate results which closely correspond to developments in the real world. With this approach, the permanent nature of R&D networks in the industrial organisation of innovation processes in this increasingly important industry as well as the coexistence of large diversified firms and dedicated biotechnology firms, can be explained.