A Model of Innovation and Knowledge Development Among Boundedly Rational Rival Firms

21 Pages Posted: 27 Oct 2015 Last revised: 28 Oct 2015

See all articles by Cristina Boari

Cristina Boari

University of Bologna - Department of Economics

Guido Fioretti

University of Bologna

Vincenza Odorici

Department of Management - University of Bologna

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Date Written: October 25, 2015

Abstract

This model explores the consequences of common theoretical hypotheses and empirical stylized facts regarding innovation, knowledge development and knowledge management by geographically clustered, boundedly rational rival firms. Its most innovative feature is that it assumes that the market performance of innovations can be predicted by their ability to bridge between existing pieces of knowledge.

Keywords: Industrial Clusters, Bounded Rationality, Knowledge Dynamics

JEL Classification: R12, D89

Suggested Citation

Boari, Cristina and Fioretti, Guido and Odorici, Vincenza, A Model of Innovation and Knowledge Development Among Boundedly Rational Rival Firms (October 25, 2015). Available at SSRN: https://ssrn.com/abstract=2679631 or http://dx.doi.org/10.2139/ssrn.2679631

Cristina Boari

University of Bologna - Department of Economics ( email )

Strada Maggiore 45
Bologna, 40125
Italy

Guido Fioretti (Contact Author)

University of Bologna ( email )

Via Capo di Lucca 34
Bologna, 40126
Italy

Vincenza Odorici

Department of Management - University of Bologna ( email )

via Capo di Lucca, 34
Bologna, Bologna 40126
Italy

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