Factors Influencing Private Hospitals’ Participation in the Innovation of Biomedical Engineering Industry: A Perspective of Evolutionary Game Theory

Weiwei Liu, Jianing Yang and Kexin Bi
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Weiwei Liu: School of Economics and Management, Harbin Engineering University, Harbin 150001, China
Jianing Yang: School of Economics and Management, Harbin Engineering University, Harbin 150001, China
Kexin Bi: School of Economics and Management, Harbin Engineering University, Harbin 150001, China

IJERPH, 2020, vol. 17, issue 20, 1-18

Abstract: The innovation of the biomedical engineering (BME) industry is inseparable from its cooperation with medical institutions. China has considerable medical institutions. Although private hospitals account for more than half of Chinese medical institutions, they rarely participate in biomedical engineering industry innovation. This paper analyzed the collaborative relationship among biomedical engineering enterprises, universities, research institutes, public hospitals and private hospitals through evolutionary game theory and discussed the influence of different factors on the collaborative innovation among them. A tripartite evolutionary game model is established which regards private hospitals as a stakeholder. The results show that (1) the good credit of private hospitals has a positive effect on their participation in collaborative innovation; (2) it is helpful for BME collaborative innovation to enhance the collaborative innovation ability of partners; (3) the novelty of innovation projects has an impact on BME collaborative innovation. The specific impacts depend on the revenue, cost and risk allocation ratio of innovation partners; (4) the higher the practicability of innovation projects, the more conducive to collaborative innovation.

Keywords: collaborative innovation; biomedical engineering; evolutionary game theory; private hospitals (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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