Applying evolutionary game theory to an enterprise cooperative competition mechanism in a value network
Tao Guan
Abstract
Tao Guan
Abstract
A unique feature of modern economies is the advanced development of information and network technologies.How a modern enterprise gains competitive advantage in cooperative competition with related interest groups through value networks has become a focus of academic study.We analyzed the enterprise cooperative competition mechanism in a value network model,constructed an evolutionary game model of cooperative competition between enterprises,and then pointed out the procedures and features of evolutionary games.This reveals how the initial state,the development stage and the interest allocation mechanism influence evolutionary game procedures.Our analysis will enhance the decision-making capacity of enterprises involved in value networks and market competition.
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A unique feature of modern economies is the advanced development of information and network technologies.How a modern enterprise gains competitive advantage in cooperative competition with related interest groups through value networks has become a focus of academic study.We analyzed the enterprise cooperative competition mechanism in a value network model,constructed an evolutionary game model of cooperative competition between enterprises,and then pointed out the procedures and features of evolutionary games.This reveals how the initial state,the development stage and the interest allocation mechanism influence evolutionary game procedures.Our analysis will enhance the decision-making capacity of enterprises involved in value networks and market competition.
Key concepts: Competition (biology), Mechanism (biology), Industrial organization, Game theory, Value (mathematics), Evolutionary game theory, Microeconomics, Economics