An analysis on strategy evolution of research & development in cooperative innovation network of new energy vehicle within policy transition period

Jing Han, Ju-E Guo, Xun Cai, Cheng Lv and Benjamin Lev

Omega, 2022, vol. 112, issue C

Abstract: Insufficient motivation and investment in research and development (R&D) will hamper further developing of the new energy vehicle (NEV) industry. In response to this dilemma, the Chinese government has successively issued the subsidy and dual-credit policies. This study aims at exploring the influence mechanism of the policy transition imposed on the R&D strategy evolution in NEV cooperative innovation network, thus constructing a two-level game model accordingly. Specifically, the inversion method is used a posteriori in the first level to address suppliers' optimal R&D investment. Then, the optimal R&D investment and patent data are used in the second level to construct the network game model, thereby analyzing the influences of the policy transition and of network characteristics on suppliers' R&D strategy evolution. Simulation results suggest that within the subsidy reduction stage, suppliers prefer to choose independent R&D strategy. To summarize, the implementation of the dual-credit policy can reduce the heavy dependence of suppliers' technology R&D upon subsidies while increasing the proportion of suppliers choosing cooperative R&D. In the NEV cooperative innovation network, the evolution of suppliers' R&D strategy can be effectively promoted via not only the controlling over the optimal network clustering coefficient but also the influence of the key nodes within.

Keywords: New energy vehicle; Policy transition; Cooperative innovation network; Research & development strategy evolution (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0305048322000937
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jomega:v:112:y:2022:i:c:s0305048322000937

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

DOI: 10.1016/j.omega.2022.102686

Access Statistics for this article

Omega is currently edited by B. Lev

More articles in Omega from Elsevier
Bibliographic data for series maintained by Catherine Liu ().