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AIT Seminar Series: Innovation Systems & Policy
through fostering link formation. The model utilizes the agent-based approach to capture complex dynamics in the network formation process at the regional and interregional levels. The agent-based approach [...] approach is useful in this context as it is able to account for heterogeneity and nonlinear dynamics, which seems to be an inherent part of both innovation processes and network formation associated with [...] attractiveness of others. We present a possible way of fitting the model to empirical data and employ a dynamic approach where the model is calibrated to fit longitudinal data, which makes it more sensitive in
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