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Article

An Empirical Study on Optimal Strategies of Industry-University-Institute Green Innovation with Subsidy

1
College of Management and Economics, Tianjin University, Tianjin 300072, China
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Research Center for National Intellectual Property Strategy Implementation (TJU), Tianjin 300072, China
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Department of Finance, Business School of Shantou University, Shantou 515063, China
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School of Business Administration, Guangdong University of Finance and Economics, Guangzhou 510320, China
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Business School, Nankai University, Tianjin 300071, China
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Zhongshan Institute, University of Electronic Science and Technology of China, Zhongshan 528400, China
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Research Center for Environment and Sustainable Development of China Civil Aviation, Civil Aviation University of China, Tianjin 300300, China
*
Authors to whom correspondence should be addressed.
Sustainability 2018, 10(5), 1667; https://doi.org/10.3390/su10051667
Received: 25 April 2018 / Revised: 13 May 2018 / Accepted: 14 May 2018 / Published: 21 May 2018
With the increasing awareness of environmental protection and the complexity and rapid change of technological innovation, more and more enterprises seek to develop and research (R&D) institutions to cooperate with green innovation. In order to promote the cooperation efficiency of green innovation, this paper develops a multi-stage game model to analyze the optimal strategies of the enterprise, the university and the policy-maker with consumer learning and government subsidy. Then the paper compares the difference of optimal subsidy between the single-stage green innovation cooperation and the multi-stage green innovation cooperation. The research shows that consumers’ initial learning factors and green innovation cooperation cycle have a significant impact on the optimal input level of the enterprise and the university and also have a significant impact on the optimal subsidy of the government. The specific government subsidy and subsidy ratio depend on the comprehensive role of consumer learning factors and the green innovation cooperation cycle. In the end, we propose that the government should subsidize the university at times when the initial consumer learning factor is low; the government subsidy should be properly lagged when the initial consumer learning factor is high. View Full-Text
Keywords: industry-university-institute cooperation; green innovation; consumer learning; government subsidy; game industry-university-institute cooperation; green innovation; consumer learning; government subsidy; game
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MDPI and ACS Style

Wu, W.; Yu, K.; Ma, S.; Chu, C.-C.; Li, S.; Ma, C.; Tsai, S.-B. An Empirical Study on Optimal Strategies of Industry-University-Institute Green Innovation with Subsidy. Sustainability 2018, 10, 1667. https://doi.org/10.3390/su10051667

AMA Style

Wu W, Yu K, Ma S, Chu C-C, Li S, Ma C, Tsai S-B. An Empirical Study on Optimal Strategies of Industry-University-Institute Green Innovation with Subsidy. Sustainability. 2018; 10(5):1667. https://doi.org/10.3390/su10051667

Chicago/Turabian Style

Wu, Wenqing, Kexin Yu, Saixiang Ma, Chien-Chi Chu, Shijie Li, Chengcheng Ma, and Sang-Bing Tsai. 2018. "An Empirical Study on Optimal Strategies of Industry-University-Institute Green Innovation with Subsidy" Sustainability 10, no. 5: 1667. https://doi.org/10.3390/su10051667

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