Ariel L. Wirkierman, Tommaso Ciarli and Mariana Mazzucato

Author Archive | Ariel L. Wirkierman, Tommaso Ciarli and Mariana Mazzucato


Innovation eco-systems and the Risk-Reward Nexus: an evolutionary account

The aim of this report is to study the relation between finance, innovation and inequality, focusing on the role of different actors in financing innovation and their share in the profit that results from an average of successful and unsuccessful projects. Based on a set of metrics for the distribution of risk taking and profit […]

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An evolutionary agent-based model of innovation and the risk-reward nexus

The present paper studies the relative roles of public and private agents in the innovation process and their rewards. Building on an evolutionary framework, we account for the generation of skills as an endogenous process in innovation development, in which different agents contribute to value generation, but some are able to extract value more than […]

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Varieties of European National Innovation Systems

This paper provides a novel, empirically grounded map of National Innovation Systems (NIS) in Europe, based on a unique micro level analysis across several EU countries. By focusing on the Eurostat Community Innovation Survey 2014 (CIS2014) micro-aggregated data, we perform an exploratory factor analysis to provide a micro-level grounding to the multi-faceted components of NIS. […]

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