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Innovation networks in economics: from the incentive‐based to the knowledge‐based approaches

Andreas Pyka (Andreas Pyka is Assistant Professor, Economics Department, University of Augsburg, Augsburg, Germany.)

European Journal of Innovation Management

ISSN: 1460-1060

Article publication date: 1 September 2002

4077

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.

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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

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MCB UP Ltd

Copyright © 2002, MCB UP Limited

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