Governance of moral hazard after cooperation innovation about generic technology in an enterprise cluster

Zhao Hua, Xian Lijiao, Wei Hongzhu

Science Research Management ›› 2010, Vol. 31 ›› Issue (6) : 28-35.

PDF(1117 KB)
PDF(1117 KB)
Science Research Management ›› 2010, Vol. 31 ›› Issue (6) : 28-35.

Governance of moral hazard after cooperation innovation about generic technology in an enterprise cluster

  • Zhao Hua, Xian Lijiao, Wei Hongzhu
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Abstract

Abstract: With the success of cooperation innovation about generic technology in an enterprise cluster, every enterprise has two options: abiding with a cooperation contract or taking action of moral hazard. The single-session and unlimited multi-session game analysis are used to get the Nash equilibrium of moral hazard behavior after cooperation innovation about generic technology in the enterprise cluster between competitive enterprises or non-competitive enterprises.Then, for the governance of moral hazard after different cooperation innovation about generic technology in the cluster, the most prior punishment contract model is set up to prevent the moral hazard behavior based on the principal-agent theory. And relevant policy recommendations for the cluster agency on both types of cooperation innovation contract without any punishment and with a complete puniishment are provided.

Key words


enterprise cluster
/ generic technology / cooperation innovation / moral hazard

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Zhao Hua, Xian Lijiao, Wei Hongzhu

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Governance of moral hazard after cooperation innovation about generic technology in an enterprise cluster[J]. Science Research Management. 2010, 31(6): 28-35
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