Innovation networks in economics: from the incentive‐based to the knowledge‐based approaches
European Journal of Innovation Management
ISSN: 1460-1060
Article publication date: 1 September 2002
Abstract
Innovation networks have become a persistent organisational phenomenon in industrial innovation processes. However, in economics they were considered in the first place only as a temporary hybrid phenomenon between markets and a hierarchical organisation within a single firm. The main focus of traditional neo‐classical analysis simply was on cost reduction of R&D within a network. Only with the coming up of evolutionary economics with its prevailing knowledge orientation, learning and synergistic partnering also move to the centre of interest. Without a consideration of the roles strong uncertainty, heterogeneity as well as the historical character of time play in innovation, networks cannot be explained as a self‐organisational persistent phenomenon. The present paper brings together different strands of the new theory of innovation and develops an evolutionary theory of innovation networks.
Keywords
Citation
Pyka, A. (2002), "Innovation networks in economics: from the incentive‐based to the knowledge‐based approaches", European Journal of Innovation Management, Vol. 5 No. 3, pp. 152-163. https://doi.org/10.1108/14601060210436727
Publisher
:MCB UP Ltd
Copyright © 2002, MCB UP Limited