The coevolution mechanism of stakeholder strategies in the recycled resources industry innovation ecosystem : the view of evolutionary game theory

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review

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Author(s)

Detail(s)

Original languageEnglish
Article number121627
Journal / PublicationTechnological Forecasting and Social Change
Volume179
Online published31 Mar 2022
Publication statusPublished - Jun 2022

Abstract

The recycled resources industry (RRI) is considered one of the pillars for sustainable development. Few studies to date have evaluated the innovation regime in RRI, although it is one of the dilemmas that RRI is facing. Therefore, including “Government,” “Enterprise,” and “University-Research institute” in the evolutionary game model, this paper draws on innovation ecosystem theory and conducts a mechanism analysis to clarify the evolutionary stability of stakeholder strategies in the RRI. The findings highlight six potential Evolutionary Stable Strategies (ESS), with which the ‘ideal state’ can be achieved. Moreover, with and without the subsidy policy, the strategic choices of players are differently interdependent, the divergent factors and the influencing mechanisms to the main stakeholders are identified, and the transmission effect of the influence is found. What's more, a subsidy policy would promote active cooperation between these stakeholders when the subsidy quota is within an appropriate range. This paper unpacks the evolution mechanism black box from the stakeholders’ perspective, which provides a clearer understanding of the evolutionary dynamics of industrial innovation ecosystems. The critical findings also provide evidence for policymakers to facilitate the coevolution of the agents in the innovation ecosystem, thereby improving the overall innovation ability of the RRI.

Research Area(s)

  • evolutionary game model, innovation ecosystem, Recycled resources industry, strategy choice

Citation Format(s)

The coevolution mechanism of stakeholder strategies in the recycled resources industry innovation ecosystem : the view of evolutionary game theory. / Hao, Xinyu; Liu, Guangfu; Zhang, Xiaoling; Dong, Liang.

In: Technological Forecasting and Social Change, Vol. 179, 121627, 06.2022.

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review