Dynamic and Stable R&D Strategies for Green Technology Based on Cooperative Differential Games

Hui Jiang, Fanjun Yao and Hongwei Gao ()
Additional contact information
Hui Jiang: School of Business, Qingdao University, Qingdao 266071, China
Fanjun Yao: School of Management, Beijing Institute of Technology, Beijing 100081, China
Hongwei Gao: School of Mathematics and Statistics, Institute of Applied Mathematics of Shandong, Qingdao University, Qingdao 266071, China

Mathematics, 2024, vol. 12, issue 20, 1-19

Abstract: As the “carbon neutrality” strategy is implemented, green technology R&D, a core competitive strength for sustainable enterprise development, is an essential pathway for China’s transformation and green growth. Green technology, a breakthrough over traditional production technologies, involves lengthy and costly R&D processes with high risks typically beyond the reach of a single enterprise. It requires the heterogeneous functions of enterprises, universities, and research institutions to complement each other’s advantages and establish an “industry–university–research” collaborative innovation alliance for green technologies. This paper constructs differential game models for non-cooperative and cooperative green technology R&D involving a green manufacturer and a research institution. We solve and compare the profits for both parties under these scenarios, apply a time-consistent payment distribution mechanism to allocate cooperative profits, and ensure that neither party deviates from the optimal cooperative trajectory over a prolonged period, achieving Pareto improvement and enhancing social welfare.

Keywords: cooperative differential games; industry–university–research; green technology R&D; payment distribution procedure (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2227-7390/12/20/3300/pdf (application/pdf)
https://www.mdpi.com/2227-7390/12/20/3300/ (text/html)

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:gam:jmathe:v:12:y:2024:i:20:p:3300-:d:1503231

Access Statistics for this article

Mathematics is currently edited by Ms. Emma He

More articles in Mathematics from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().