IDEAS home Printed from https://ideas.repec.org/a/wsi/igtrxx/v23y2021i01ns0219198920500115.html
   My bibliography  Save this article

Trade with Technology Spillover: A Dynamic Network Game Analysis

Author

Listed:
  • David W. K. Yeung

    (Center of Game Theory, St Petersburg State University, Univereitetskaya Nab. 7/9 Saint-Petersburg, Russia†SRS Consortium for Advanced Study in Cooperative Dynamic Games, Shue Yan University, 10 Wai Tsui Cres, North Point, Hong Kong‡Department of Finance, Asia University, Taichung County 41354, Taiwan)

  • Leon A. Petrosyan

    (�Faculty of Applied Mathematics-Control Processes and Center of Game Theory, St Petersburg State University, Univereitetskaya Nab. 7/9 Saint-Petersburg, Russia)

  • Yingxuan Zhang

    (��SRS Consortium for Advanced Study in Cooperative Dynamic Games, Shue Yan University, 10 Wai Tsui Cres, North Point, Hong Kong)

Abstract

This paper presents a general class of dynamic network games to analyze trade with technology spillover. Due to the fact that the benefits of technology spillover are not fully accrued to the technology developer, the positive externalities are under-exploited. The cooperative solution yields an optimal outcome. To reflect the contributions of individual agents to the network, the Shapley value is used as a solution optimality principle in sharing the cooperative gains. A time-consistent payoff imputation procedure is derived to maintain the Shapley value at each stage of the cooperation. A representative model based on the general class of network games with explicit functional form is given. This is the first time that trade with technology spillover is studied in the framework of dynamic network games, further studies along this line are expected.

Suggested Citation

  • David W. K. Yeung & Leon A. Petrosyan & Yingxuan Zhang, 2021. "Trade with Technology Spillover: A Dynamic Network Game Analysis," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 23(01), pages 1-31, March.
    • Handle: RePEc:wsi:igtrxx:v:23:y:2021:i:01:n:s0219198920500115
    DOI: 10.1142/S0219198920500115
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S0219198920500115
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S0219198920500115?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:igtrxx:v:23:y:2021:i:01:n:s0219198920500115. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/igtr/igtr.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.