Research Article
The Evolution of Collective Strategies in SMEs’ Innovation: A Tripartite Game Analysis and Application
Table 2
The payoff matrix among the government, investors, and SMEs.
| | Government | External investors | | SMEs | | Innovate (z) | Not innovate (1 − z) |
| | Subsidize (x) | | Invest (y) |
|
| | Not invest (1 − y) |
0
|
0
|
| | Not subsidize (1 − x) | | Invest (y) |
|
| | Not invest (1 − y) |
0
|
0
|
|
|
