An incentive mechanism for general purpose technologies R&D based on the concept of super-conflict equilibrium: Empirical evidence from nano industrial technology in China

Yong Liu, Jun-liang Du, Jin-bi Yang, Wu-yong Qian and Jeffrey Yi-Lin Forrest

Technological Forecasting and Social Change, 2019, vol. 147, issue C, 185-197

Abstract: The research and development (R&D) of general purpose technologies (GPTs) is a collaborative effort of innovation involving multiple stakeholders, which has received extensive attention worldwide. Considering the characteristics of China's R&D of Nano-GPT, this research mainly makes two contributions: (1) Based on the theory of conflict analysis, a theoretical framework of Chinese GPTs super-conflict equilibrium is constructed to analyze the decision-making behavior among stakeholders, which enriches the theory of GPTs; (2) Under the framework of super-conflict equilibrium of GPTs, an incentive mechanism is designed to promote the R&D of GPTs from the perspective of cost sharing, and its incentive effect is stable and sustainable. In addition, taking “Suzhou Institute of Nano-Tech and Nano-Bionics (SINANO) of Jiangsu in China” as a case, this paper provides some interesting management suggestions through numerical simulation analysis, which are more suitable for developing countries with similar R&D situation in China's GPTs.

Keywords: General purpose technology; Cost sharing; Super-conflict equilibrium; Incentive mechanism (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:147:y:2019:i:c:p:185-197

DOI: 10.1016/j.techfore.2019.07.014

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