Original scientific paper
https://doi.org/10.1080/1331677X.2020.1844580
Analysis of cooperative technological innovation strategy
Chan Wang
Pu-Yan Nie
Abstract
This article focuses on the cooperative innovation under oligopoly
with game theory approach. The effects of cooperative innovation
are addressed. First, we argue that the total innovation investment of cooperators is more than that of an individual firm without cooperation. Second, the number of cooperative partners has
different effects on firms’ innovative investment. Cooperative
innovation investment decreases in both the number of cooperators and the total number of firms in the industry, while the
innovation investment of non-cooperators increases. Finally, the
optimal number of cooperators is initially highlighted in theory.
The optimal number of firms in cooperation is achieved for cooperators, non-cooperators and social welfare, respectively.
Keywords
Cournot competition; cooperative innovation; game theory; social welfare; cooperators
Hrčak ID:
301239
URI
Publication date:
31.12.2021.
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