Open Innovation Networks and the Role of Intermediaries: An Agent-Based Simulation
Files in This Item:
|SecchiE, OI-ABM, Final Submission.pdf||387.7 kB||Adobe PDF||Download|
|Title:||Open Innovation Networks and the Role of Intermediaries: An Agent-Based Simulation||Authors:||Secchi, Enrico||Permanent link:||http://hdl.handle.net/10197/10083||Date:||23-Aug-2016||Online since:||2019-04-23T12:13:07Z||Abstract:||This paper builds an agent-based simulation model that illustrates the dynamics of an open innovation (OI) network of firms in search of a technological development partnership. The model simulates an environment populated by innovation seekers and innovation providers. Each of these agents (firms) has half of the final product and has to decide whether to develop the rest internally or seek a partner that developed the other half of the product. Moreover, this paper explores the effects on the innovation network dynamics of the presence of intermediaries that act as brokers between innovation seekers and innovation providers. The results suggest that innovation providers are on average better off when they establish partnerships, especially when their number is limited and intermediaries are present in the market. The model shows that the presence of intermediaries makes the market more efficient by lowering costs of all firms in the network, whether they use an intermediary or not.||Type of material:||Book Chapter||Publisher:||Springer||Copyright (published version):||2016 Springer||Keywords:||Open innovation networks; Technological development partnership; Innovation network dynamics||DOI:||10.1007/978-3-319-18153-0_16||Language:||en||Status of Item:||Not peer reviewed||Is part of:||Secchi D., Neumann M. (eds.). Agent-Based Simulation of Organizational Behavior||ISBN:||978-3-319-18152-3|
|Appears in Collections:||Business Research Collection|
Show full item record
This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.