Author(s)

Mengyi Wang, Haihua Wang

Corresponding Author

Mengyi Wang

ABSTRACT

The government as a third party involved in the cooperative innovation among the Industry-University-Research Cooperation, and the government in the form of subsidies to coordinate corporate and research institutions R&D investment and profit benefits. Based on the game theory perspective, this paper constructs a three-party game model of government, industry, university and research institutions, and discusses the optimal subsidy rate and policy of government in the three situations of cooperation: equilibrium of cooperative game, static game of complete information, dynamic game of complete and perfect information.

KEYWORDS

Government Subsidy, Industry-University-Research, Cooperative Innovation