Encyclopedia of Creativity, Invention, Innovation and Entrepreneurship

2013 Edition
| Editors: Elias G. Carayannis

Game Theory and Innovation Analysis

  • Igor N. DubinaEmail author
Reference work entry
DOI: https://doi.org/10.1007/978-1-4614-3858-8_277

Synonyms

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

  1. Baniak A, Dubina I. Innovation analysis and game theory: A review. Innovation: Management, Policy & Practice. 2012;14(2):178–191.Google Scholar

Copyright information

© Springer Science+Business Media LLC 2013

Authors and Affiliations

  1. 1.Economic Information SystemsAltai State UniversityBarnaulRussia