The Evolution of Collective Strategies in SMEs’ Innovation: A Tripartite Game Analysis and Application

Table 3

Local stability analysis between external investors and SMEs.

y, z			State	Stability condition
(0, 0)		N	Saddle point	Saddle point in any condition
(0, 1)			ESS
(1, 0)			Saddle point
	+	+	Unstable point
(1, 1)			ESS
	0	0	Saddle point	Saddle point in any condition

“+” denotes greater than 0; “−” denotes less than 0; N denotes uncertainty.