103,305 research outputs found
Quantifying knowledge exchange in R&D networks: A data-driven model
We propose a model that reflects two important processes in R&D activities of
firms, the formation of R&D alliances and the exchange of knowledge as a result
of these collaborations. In a data-driven approach, we analyze two large-scale
data sets extracting unique information about 7500 R&D alliances and 5200
patent portfolios of firms. This data is used to calibrate the model parameters
for network formation and knowledge exchange. We obtain probabilities for
incumbent and newcomer firms to link to other incumbents or newcomers which are
able to reproduce the topology of the empirical R&D network. The position of
firms in a knowledge space is obtained from their patents using two different
classification schemes, IPC in 8 dimensions and ISI-OST-INPI in 35 dimensions.
Our dynamics of knowledge exchange assumes that collaborating firms approach
each other in knowledge space at a rate for an alliance duration .
Both parameters are obtained in two different ways, by comparing knowledge
distances from simulations and empirics and by analyzing the collaboration
efficiency . This is a new measure, that takes also in
account the effort of firms to maintain concurrent alliances, and is evaluated
via extensive computer simulations. We find that R&D alliances have a duration
of around two years and that the subsequent knowledge exchange occurs at a very
low rate. Hence, a firm's position in the knowledge space is rather a
determinant than a consequence of its R&D alliances. From our data-driven
approach we also find model configurations that can be both realistic and
optimized with respect to the collaboration efficiency .
Effective policies, as suggested by our model, would incentivize shorter R&D
alliances and higher knowledge exchange rates.Comment: 35 pages, 10 figure
Data-driven modeling of collaboration networks: A cross-domain analysis
We analyze large-scale data sets about collaborations from two different
domains: economics, specifically 22.000 R&D alliances between 14.500 firms, and
science, specifically 300.000 co-authorship relations between 95.000
scientists. Considering the different domains of the data sets, we address two
questions: (a) to what extent do the collaboration networks reconstructed from
the data share common structural features, and (b) can their structure be
reproduced by the same agent-based model. In our data-driven modeling approach
we use aggregated network data to calibrate the probabilities at which agents
establish collaborations with either newcomers or established agents. The model
is then validated by its ability to reproduce network features not used for
calibration, including distributions of degrees, path lengths, local clustering
coefficients and sizes of disconnected components. Emphasis is put on comparing
domains, but also sub-domains (economic sectors, scientific specializations).
Interpreting the link probabilities as strategies for link formation, we find
that in R&D collaborations newcomers prefer links with established agents,
while in co-authorship relations newcomers prefer links with other newcomers.
Our results shed new light on the long-standing question about the role of
endogenous and exogenous factors (i.e., different information available to the
initiator of a collaboration) in network formation.Comment: 25 pages, 13 figures, 4 table
Network Formation with Endogenous Decay
This paper considers a communication network characterized by an endogenous architecture and an imperfect transmission of information as in Bala and Goyal (2000). We propose a similar network's model with the difference that it is characterized by an endogenous rate of information decay. Endogenous decay is modelled as dependent on the result of a coordination game, played by every pair of directly linked agents and characterized by 2 equilibria: one efficient and the other risk dominant. Differently from other models, where the network represents only a channel to obtain information or to play a game, in our paper the network has an intrinsic value that depends on the chosen action in the coordination game by each participant. Moreover the endogenous network structure affects the play in the coordination game as well as the latter affects the network structure. The model has a multiplicity of equilibria and we produce a full characterization of those are stochastically stable. For sufficiently low link costs we find that in stochastically stable states network structure is ever efficient; individuals can be coordinated on efficient as well as on risk dominant action depending on the decay difference among the two equilibria in the single coordination game. For high link costs stochastically stable states can display networks that are not efficient; individuals are never coordinated on the efficient action.Network, Decay, Strategical interaction
Schumpeterian Dynamics and Financial Market Anomalies
In this paper we try to put together both the dynamics of the endogenous evolution of an industry and the corresponding dynamics on the capital market. The first module of our modelling efforts is the endogenous evolution of the industry based on the micro-behaviour of boundedly rational agents. They strive to undertake entrepreneurial actions and found new firms. Thereby, the role of knowledge diffusion is emphasized. The second module, the capital market module, will also be represented by boundedly rational agents. They read the data of the real side of the economy – induced by the real economy module – interact with other investors and eventually derive their investment decisions. The cognitive process will be modelled using a neural network approach.neural networks, financial markets, entrepreneurship, endogenous evolution
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Transposable Elements, Inflammation, and Neurological Disease.
Transposable Elements (TE) are mobile DNA elements that can replicate and insert themselves into different locations within the host genome. Their propensity to self-propagate has a myriad of consequences and yet their biological significance is not well-understood. Indeed, retrotransposons have evaded evolutionary attempts at repression and may contribute to somatic mosaicism. Retrotransposons are emerging as potent regulatory elements within the human genome. In the diseased state, there is mounting evidence that endogenous retroelements play a role in etiopathogenesis of inflammatory diseases, with a disposition for both autoimmune and neurological disorders. We postulate that active mobile genetic elements contribute more to human disease pathogenesis than previously thought
ACE Models of Endogenous Interactions
Various approaches used in Agent-based Computational Economics (ACE) to model endogenously determined interactions between agents are discussed. This concerns models in which agents not only (learn how to) play some (market or other) game, but also (learn to) decide with whom to do that (or not).Endogenous interaction, Agent-based Computational Economics (ACE)
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