Inderscience Publishers

Game-theoretic paradigms in collaborative research: Part 1 – theoretical background

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Courtesy of Courtesy of Inderscience Publishers

We wish to better understand how to be successful in conducting collaborative scientific research in today’s knowledge-based economy. The goal of industry- or government-supported research is to ultimately benefit the sponsor and society. The measure of success is validated by the implementation of research results among the sponsoring industries or governments, resulting in economic advancement and other benefits. Employing participants in today’s supply chain, we will specifically examine the effectiveness of industry-funded logistics-research when disseminated to the constituent enterprises. Our focus is the multi-party dynamics of knowledge dissemination, acceptance and its translation into implementation. To understand the chemistry among participants, we review
game theory
information value theory
, both of which determine the effectiveness of collaborative research, considering the coexistence of cooperation and competition among participating enterprises.

Keywords: cooperation, competition, game theory, information value theory, equilibrium, experimental design

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