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Substantive Innovation or Strategic Innovation? Research on Multiplayer Stochastic Evolutionary Game Model and Simulation

Author

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  • Junqiang Li
  • Hao Ren
  • Changcheng Zhang
  • Qingxia Li
  • Kaifeng Duan

Abstract

Innovation subsidy is of great significance to promoting enterprise innovation development. However, in recent years, the frequent occurrence of R&D subsidy deception in China has greatly reduced effectiveness of innovation. From the perspective of the strategic choice motivation of the innovation subject (including the enterprises, research institutions, and local governments), this paper constructs a multiplayer stochastic evolutionary game model. The influence of each variable on the subject strategy adoption is analyzed by simulation. There are two important findings in this paper. First, the paper confirms that there is an optimal boundary for the high subsidies received by enterprises and academic institutions, and the “subsidy boundary” is solved through the model. Second, this paper analyzes the effectiveness of the regulation of each variable through simulation and provides management and policy implications.

Suggested Citation

  • Junqiang Li & Hao Ren & Changcheng Zhang & Qingxia Li & Kaifeng Duan, 2020. "Substantive Innovation or Strategic Innovation? Research on Multiplayer Stochastic Evolutionary Game Model and Simulation," Complexity, Hindawi, vol. 2020, pages 1-15, April.
    • Handle: RePEc:hin:complx:9640412
    DOI: 10.1155/2020/9640412
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    Citations

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    Cited by:

    1. Na Yu & Chunfeng Zhao, 2021. "Chain Innovation Mechanism of the Manufacturing Industry in the Yangtze River Delta of China Based on Evolutionary Game," Sustainability, MDPI, vol. 13(17), pages 1-20, August.
    2. Chi-Yen Yin & Hsiao-Hsin Chang, 2022. "What Is the Link between Strategic Innovation and Organizational Sustainability? Historical Review and Bibliometric Analytics," Sustainability, MDPI, vol. 14(11), pages 1-23, June.
    3. Xinmin Liu & Kangkang Lin & Lei Wang & Hongkun Zhang, 2021. "Stochastic Evolutionary Game Analysis Between Special Committees and CEO: Incentive and Supervision," Dynamic Games and Applications, Springer, vol. 11(3), pages 538-555, September.
    4. Zhang, Peiwen & Ding, Rui, 2023. "How to achieve carbon abatement in aviation with hybrid mechanism? A stochastic evolutionary game model," Energy, Elsevier, vol. 285(C).
    5. Yi Yang & Shuhe Shi & Jingjing Wu, 2022. "Digital Financial Inclusion to Corporation Value: The Mediating Effect of Ambidextrous Innovation," Sustainability, MDPI, vol. 14(24), pages 1-23, December.
    6. Wen Qi & Yanyang Yan & Hongbing Yin, 2023. "Protecting Innovation Sustainability: R&D Manipulation and Effective Regulation Based on a Two-Scenario Evolutionary Game Perspective," Sustainability, MDPI, vol. 15(12), pages 1-21, June.
    7. Ying Sun & Zhaolin Gu, 2022. "Implementation of Construction Waste Recycling under Construction Sustainability Incentives: A Multi-Agent Stochastic Evolutionary Game Approach," Sustainability, MDPI, vol. 14(6), pages 1-21, March.

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