Innovation, Collaboration & Public Policies: An Approach Based on Agents

30 Pages Posted: 2 Jan 2018

See all articles by Sergio Palomeque

Sergio Palomeque

FCEyA, UdelaR

Juan Gabriel Brida

Universidad de la Rep├║blica

Date Written: July 12, 2017

Abstract

This work develops an Agent Based Model which seeks to study the innovation network of an economic sector intensive in highly trained human resources. This sector is composed by agents that face a restriction to the incorporation of new capital, and have the possibility to choose the proportion of its available capital devoted to each of the two goods. These agents have a menu of three strategies to seek to innovate, and thus increase their productivity. The adjustment of these strategies is done endogenously and results in a process that determines the structure of the innovation network. The consideration of public policies in the system leads to the conclusion that the effect of policies depends heavily on the specific population to which they are directed. These results are manifested both in the performance of the system and in the network structure that emerges from the evolution of the model.

Keywords: Agent Based Models, Network, Innovation, Complex Systems, Evolutionist Approach, Public Policies

JEL Classification: Y40, B52, C63, O33, O38

Suggested Citation

Palomeque, Sergio and Brida, Juan Gabriel, Innovation, Collaboration & Public Policies: An Approach Based on Agents (July 12, 2017). Available at SSRN: https://ssrn.com/abstract=2988610 or http://dx.doi.org/10.2139/ssrn.2988610

Sergio Palomeque (Contact Author)

FCEyA, UdelaR ( email )

Gonzalo Ramirez 1926
Montevideo, 11200
Uruguay
+59893993316 (Fax)

Juan Gabriel Brida

Universidad de la Rep├║blica ( email )

Av. 18 de Julio
Montevideo, 1968
Uruguay

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