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Game Theory and Innovation Analysis

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Encyclopedia of Creativity, Invention, Innovation and Entrepreneurship

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Synonyms

Game theory; Innovation; R&D

Definition

Game theory is a mathematical approach to the modeling of strategic interaction among independent agents that recently become one of the most powerful analytical tools in economics, especially in microeconomics and industrial organization. In particular, game theory, among other applications, offers a way to formulate predictions, delivers prescriptions and recommendations for decision makers, and helps to develop and implement efficient strategies.

The Levels of Game-Theoretic Analysis of Innovation

The main directions of game-theoretic analysis of innovation can be divided into three levels of innovation interactions or three types of innovation games:

  1. 1.

    Intraorganizational game, which is played within a firm; in this game, main players are an innovator (idea generator, project initiator or implementer, etc.), a project manager, and/or resource administrator.

  2. 2.

    Interorganizational game, where the main players are a firm, its...

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References

  • Baniak A, Dubina I. Innovation analysis and game theory: a review. Innov Manag Policy Pract. 2012;14(2):178–91.

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Author information

Authors and Affiliations

  1. The Faculty of Economics, Novosibirsk State University (NSU), Novosibirsk, Russia

    Igor N. Dubina

  2. The International Institute of Economics, Management, and Information Systems, Altai State University (ASU), Barnaul, Russia

    Igor N. Dubina

Authors
  1. Igor N. Dubina
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Corresponding author

Correspondence to Igor N. Dubina .

Editor information

Editors and Affiliations

  1. Department of Information Systems and Technology, Management, European Union Research Center, GWU School of Business, The George Washington University, Washington, DC, USA

    Elias G. Carayannis

Section Editor information

  1. Faculty for Interdisciplinary Studies, Alpen-Adria-University Klagenfurt, Schottenfeldgasse 29, A-1070, Vienna, Austria

    David F. J. Campbell

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Dubina, I.N. (2020). Game Theory and Innovation Analysis. In: Carayannis, E.G. (eds) Encyclopedia of Creativity, Invention, Innovation and Entrepreneurship. Springer, Cham. https://doi.org/10.1007/978-3-319-15347-6_277

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