A behavioural game theory perspective on the collaboration between innovative and entrepreneurial firms

Document Type

Article

Publication Date

1-1-2017

Abstract

From a behavioural game theory perspective, we characterise the strategic interactions between a smaller innovative firm and a larger entrepreneurial firm as they try to form a strategic alliance to commercialise a technological invention. If the innovative firm is not too overconfident and the entrepreneurial firm is not too complacent, it is likely that the game is similar to the stag hunt game with two Nash equilibria. However, in addition to securing the funds needed to commercialise the invention, both firms need to contribute sufficient and complementary efforts when they choose to cooperate. The larger entrepreneurial firm can also expedite the commercialisation process if it chooses the cooperative strategy first and takes the initiative to offer financial and entrepreneurial assistance to the smaller innovative firm.

Identifier

85018343539 (Scopus)

Publication Title

International Journal of Work Innovation

External Full Text Location

https://doi.org/10.1504/IJWI.2017.080729

e-ISSN

20439040

ISSN

20439032

First Page

6

Last Page

31

Issue

1

Volume

2

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