Interaction of Main Stakeholders in an Innovation Process

Riga Technical University 53rd International Scientific Conference: Dedicated to the 150th Anniversary and the 1st Congress of World Engineers and Riga Polytechnical Institute / RTU Alumni: Digest 2012
Liena Ādamsone, Jevgēnijs Leontjevs

An economy is a system for coordinating the productive activities of many people. In a market economy that coordination usually takes place without any coordinator: each individual makes his or her own choices. Yet those choices are by no means independent of each other: each individual’s opportunities, and hence choices. Therefore it is useful to analyze the individual choices, behaviour, possible strategies and outcomes of individuals who interact each other in the innovation system. Situations and actions of stakeholders in the definite circumstances can be conflict or cooperative, depending on their interests. Therefore it is necessary to analyze the current situation of stakeholders and their interaction in the innovation process using game theory.

Keywords
Game theory, innovation process, Shapley value, stakeholder interaction
Hyperlink
http://scientific-conference2012.rtu.lv/sites/default/files/RTU_Conference_2012.pdf

Ādamsone, L., Leontjevs, J. Interaction of Main Stakeholders in an Innovation Process. In: Riga Technical University 53rd International Scientific Conference: Dedicated to the 150th Anniversary and the 1st Congress of World Engineers and Riga Polytechnical Institute / RTU Alumni: Digest, Latvia, Riga, 11-12 October, 2012. Riga: Riga Technical University, 2012, pp.501-501. ISBN 978-9934-10-360-5.

Publication language
English (en)