Collusion-Proof Mechanism in Compensation for Failed Generic Technological Innovation Projects: Based on Information Topology
Against the backdrop of innovation fault-tolerance, government compensation for failed generic technological innovation projects is beneficial to stimulate re-innovation behaviour. However, considering the information asymmetry, a collusion tendency exists between the compensated party and the evalu...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Faculty of Mechanical Engineering in Slavonski Brod, Faculty of Electrical Engineering in Osijek, Faculty of Civil Engineering in Osijek
2019-01-01
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| Series: | Tehnički Vjesnik |
| Subjects: | |
| Online Access: | https://hrcak.srce.hr/file/329380 |
| _version_ | 1797207354442252288 |
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| author | Fan Zhang Jianmu Ye Congzhen Xie |
| author_facet | Fan Zhang Jianmu Ye Congzhen Xie |
| author_sort | Fan Zhang |
| collection | DOAJ |
| description | Against the backdrop of innovation fault-tolerance, government compensation for failed generic technological innovation projects is beneficial to stimulate re-innovation behaviour. However, considering the information asymmetry, a collusion tendency exists between the compensated party and the evaluator during the process of compensation. To prompt the government to build collusion-proof mechanisms to reduce collusion loss, the evolutionary game method was used to build replicated dynamic equations and a Jacobian matrix of both sides based on the information topology between the conspirators and regulator. Through the evolutionary equilibrium analysis and numerical simulation, evolutionary stability strategies (ESS) under different topological relationship information (non-intersect, partial intersect, and inclusive type) were found. Results show that the collusion behaviour can be effectively restrained when the government is unaware of collusion information, the net defense income is positive, and the penalty threshold is the product of the net collusive income and the ratio of the collusive and regulatory information. With the increasing amount of collusive information available to the government, the conspirators tend to adhere to moral principles subject to strict regulation. In addition, the moderating effect of penalty factor is positively correlated with the private information possessed by both sides. The conclusion is beneficial to provide theoretical support for optimizing the government-led compensation mechanism for failed generic technological innovation projects. |
| first_indexed | 2024-04-24T09:21:35Z |
| format | Article |
| id | doaj.art-94d1b23e8c914135b0cde8b7d39fb856 |
| institution | Directory Open Access Journal |
| issn | 1330-3651 1848-6339 |
| language | English |
| last_indexed | 2024-04-24T09:21:35Z |
| publishDate | 2019-01-01 |
| publisher | Faculty of Mechanical Engineering in Slavonski Brod, Faculty of Electrical Engineering in Osijek, Faculty of Civil Engineering in Osijek |
| record_format | Article |
| series | Tehnički Vjesnik |
| spelling | doaj.art-94d1b23e8c914135b0cde8b7d39fb8562024-04-15T15:47:19ZengFaculty of Mechanical Engineering in Slavonski Brod, Faculty of Electrical Engineering in Osijek, Faculty of Civil Engineering in OsijekTehnički Vjesnik1330-36511848-63392019-01-012651410142110.17559/TV-20190726052838Collusion-Proof Mechanism in Compensation for Failed Generic Technological Innovation Projects: Based on Information TopologyFan Zhang0Jianmu Ye1Congzhen Xie2School of Management, Wuhan University of Technology No. 122, Luoshi St. Wuhan, 430070, P. R. ChinaSchool of Management, Wuhan University of Technology No. 122, Luoshi St. Wuhan, 430070, P. R. ChinaSchool of Management, Wuhan University of Technology No. 122, Luoshi St. Wuhan, 430070, P. R. ChinaAgainst the backdrop of innovation fault-tolerance, government compensation for failed generic technological innovation projects is beneficial to stimulate re-innovation behaviour. However, considering the information asymmetry, a collusion tendency exists between the compensated party and the evaluator during the process of compensation. To prompt the government to build collusion-proof mechanisms to reduce collusion loss, the evolutionary game method was used to build replicated dynamic equations and a Jacobian matrix of both sides based on the information topology between the conspirators and regulator. Through the evolutionary equilibrium analysis and numerical simulation, evolutionary stability strategies (ESS) under different topological relationship information (non-intersect, partial intersect, and inclusive type) were found. Results show that the collusion behaviour can be effectively restrained when the government is unaware of collusion information, the net defense income is positive, and the penalty threshold is the product of the net collusive income and the ratio of the collusive and regulatory information. With the increasing amount of collusive information available to the government, the conspirators tend to adhere to moral principles subject to strict regulation. In addition, the moderating effect of penalty factor is positively correlated with the private information possessed by both sides. The conclusion is beneficial to provide theoretical support for optimizing the government-led compensation mechanism for failed generic technological innovation projects.https://hrcak.srce.hr/file/329380collusion-proof mechanismcompensation for failureevolutionary gamefailed generic technological innovation projectsinformation topology |
| spellingShingle | Fan Zhang Jianmu Ye Congzhen Xie Collusion-Proof Mechanism in Compensation for Failed Generic Technological Innovation Projects: Based on Information Topology Tehnički Vjesnik collusion-proof mechanism compensation for failure evolutionary game failed generic technological innovation projects information topology |
| title | Collusion-Proof Mechanism in Compensation for Failed Generic Technological Innovation Projects: Based on Information Topology |
| title_full | Collusion-Proof Mechanism in Compensation for Failed Generic Technological Innovation Projects: Based on Information Topology |
| title_fullStr | Collusion-Proof Mechanism in Compensation for Failed Generic Technological Innovation Projects: Based on Information Topology |
| title_full_unstemmed | Collusion-Proof Mechanism in Compensation for Failed Generic Technological Innovation Projects: Based on Information Topology |
| title_short | Collusion-Proof Mechanism in Compensation for Failed Generic Technological Innovation Projects: Based on Information Topology |
| title_sort | collusion proof mechanism in compensation for failed generic technological innovation projects based on information topology |
| topic | collusion-proof mechanism compensation for failure evolutionary game failed generic technological innovation projects information topology |
| url | https://hrcak.srce.hr/file/329380 |
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