Radical Innovation and Network Evolution. The Effect of the Genomic Revolution on the Evolution of the Pharmaceutical R&D Network

Sandra Philippen and Massimo Riccaboni ()

Annals of Economics and Statistics, 2007, issue 87-88, 325-350

Abstract: This paper uses longitudinal data to examine how a radical technological innovation affects alliance formation of firms and subsequent network structures. We find that it requires radical technological change for firms to leave their embedded path of existing alliances and form new alliances with new partners. While new partners are mostly found through the firms'existing network, network, we provide some insight into "distant" link formation with unknown partners, which together create a small-world network structure

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:2007:i:87-88:p:325-350

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