A Game Theory Analysis of Enterprises of Independent Innovation and Imitating Innovation

Luying Hao, Ruizhi Wu

Abstract


This paper analyzes enterprises of both independent innovation and imitating innovation from the game theory angle, and probes into disadvantage and dilemma of imitating innovation practice as well as the vital role of independent innovation to a long-term development of an enterprise. Conclusion has been drawn through the modeling of a complete information static state that for the reason that path dependency is a characteristic of imitating innovation, it is necessary to improve independent innovation ability to realize a long-term development of the enterprise.

Keywords


independent innovation; imitating innovation; static game theory of complete information

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