Abstract
Choosing proper partners is the key to the success of the alliance. Based on the analysis of the characters of the Industrial Technology Innovation Strategic Alliance, a new kind of cooperative organization occurred in China in recent years. The problem of “adverse selection” at the stage of the its establishment is discussed in this paper. The game model is built based on motivation theory and the principle-agent theory and then proved by examples. The conclusions can be got from the model. By setting the ranges of funds, preferential policy, and sharable profits and designing membership rules, the organizer of the Industrial Technology Innovation Strategic Alliance can motivate the risk neutral applicant to reveal his real capacity and the one with higher capacity to participate intothe alliance more actively and even can set capacity threshold for applicants implicitly.
Highlights
Along with the practice and research of the industryuniversity-research combination, a new type of organization for technological innovation, the Industrial Technology Innovation Strategic Alliance occurred in China in recent years
Based on the analysis of the characters of the Industrial Technology Innovation Strategic Alliance, a new kind of cooperative organization occurred in China in recent years
According to the definition by Chinese six ministries and commissions in 2008, the Industrial Technology Innovation Strategic Alliance (ITISA) is a cooperation organization for technology innovation, which is combined by enterprises, universities, scientific research institutions, and other organizations, based on the common needs and interests, ensured by legal contracts
Summary
Along with the practice and research of the industryuniversity-research combination, a new type of organization for technological innovation, the Industrial Technology Innovation Strategic Alliance occurred in China in recent years. According to the definition by Chinese six ministries and commissions in 2008, the Industrial Technology Innovation Strategic Alliance (ITISA) is a cooperation organization for technology innovation, which is combined by enterprises, universities, scientific research institutions, and other organizations, based on the common needs and interests, ensured by legal contracts. It aims to improve the industrial technical innovation ability via joint exploitation, complementary advantages, pooling of interest, and risk [1]. The dynamics of social relationships, such as friendship or partnership patterns, is a complex field of study [12]
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
