This model explores the consequences of common theoretical hypotheses and empirical stylized facts regarding innovation …, knowledge development and knowledge management by geographically clustered rival firms. Our model artificially generates …

This article presents a formalization of knowledge based on a connectionist model of a firm's structure. Transaction … costs are not ignored, but integrated with the knowledge-based approach. A numerical example on the canonical comparison of …

. Uniting Schumpeter's concern for innovation with Keynes' concern for uncertainty and expectations formation, this article … focuses on the behaviour of entrepreneurs confronting uncertainty caused by innovation. Entrepreneurs' behaviour is … opened up by a successful innovation generates a state of optimism in the minds of single entrepreneurs, which eventually …

. Uniting Schumpeter’s concern for innovation with Keynes’ concern for uncertainty and expectations formation, this article … focuses on the behaviour of entrepreneurs confronting uncertainty caused by innovation. Entrepreneurs’ behaviour is … opened up by a successful innovation generates a state of optimism in the minds of single entrepreneurs, which eventually …

facts regarding innovation, knowledge development and knowledge management by geographically clustered rival firms. This …Purpose The purpose of this paper is to explore the significance of bounded rationality for innovation research. It … knowledge development and imitation. It is a conceptual paper that illustrates the model but does not present its results …