CRISTIANO ANTONELLI

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THE FOUNDATIONS OF THE ECONOMICS OF INNOVATION
FROM THE CLASSICAL LEGACIES TO THE ECONOMICS OF
COMPLEXITY
CRISTIANO ANTONELLI DIPARTIMENTO DI
ECONOMIA UNIVERSITA DI TORINO
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Complexity builds upon a number of basic
assumptions I) Heterogeneous agents. Agents
are characterized by distinctive and specific
characteristics as well as being intrinsically
heterogeneous. II) Location matters. Location
in a multidimensional space, in terms of distance
among agents and their density, matters and
influences both behavior and performance. III)
Local knowledge. Each agent has access only to
local information and local knowledge, i.e. no
agent knows what every other agent knows. IV)
Local context of interaction. Agents are
localized within networks of relations, including
transactions and feedbacks, which are specific
subsets of the broader array of interactions that
define their behavior. V) Creativity. Agents are
creative, i.e. agents can follow some rules but
they can also change the rules. They do this in
response to given feedbacks, according to both
their own specific characteristics and the
features of local endowments, including the
network of transactions and interactions into
which they are embedded. VI) Systemic
interdependence. The outcome of the behavior of
each agent is strictly dependent on the web of
interactions, which take place within the system.
Hence at each point in time, the topology of the
system, i.e. how the characteristics and the
structural interactions of the agents in their
relevant multidimensional spaces are distributed,
plays a key role.
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THE INNOVATION MATRIX
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TYPOLOGY OF DYNAMIC PROCESSES
NON ERGODIC PROCESSES
ERGODIC PROCESSES
PATH DEPENDENCE
DETERMISTICALLY CONVERGENT AND GLOBALLY STABLE
STOCHASTICALLY CONVERGENT
PAST DEPENDENCE
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PAST AND PATH DEPENDENCE
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TYPES OF PATH DEPENDENCE
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THE EVOLVING INTERACTION BETWEEN INDIVIDUAL PATH
AND SYSTEMIC PATH DEPENDENCE
STRUCTURE, GOVERNANCE AND ARCHITECTURE (t)
LOCALIZED TECHNOLOGICAL CHANGES
FIRMS STRATEGIES
STRUCTURES, G OVERNANCE AND
ARCHITECTURE (t1)