Motivational mechanism of advanced equipment manufacturing industry technological innovation based on evolutionary game

Abstract

symbol of a country’s core competitiveness and an essential

part of strategic emerging industries, whereas technological in

novation is the key driving force for the progress of the advan

ced equipment manufacturing industry. A three-party (gover

nment–enterprise–Research & Development(R&D) institution)

evolutionary game model was established to explore the internal 

mechanism of technological innovation impetus in the advanced

equipment manufacturing industry. Results show that: (1) The dri

ving force of technological innovation in the advanced equipment

manufacturing industry comes from the cost–benefit situations of

different subjects. (2) The strategy selection of subjects has a con

siderable learning effect. The decision of one subject is influenced

by the decisions of the two others, and their decision behaviors

tend to be identical. (3) Technology spillover effect and penalty

effect exert a minor influence on the innovation decisions of di

fferent subjects. The findings enrich the theoretical results of te

chnological innovation in the advanced equipment manufacturing

industry by simulating different subjects’ selection mechanisms of

innovation strategies. It also provides practical guidance for the

advanced equipment manufacturing industry to choose technolo

gical innovation strategies in different scenarios.