Independent Research and Development or Technology Mergers and Acquisitions? Decision Mechanisms of Research and Development Strategies in a Two-Stage Game

<div>The profit <svg height="9.14241pt" id="M112" style="vertical-align:-3.1815pt" version="1.1" viewbox="-0.0498162 -5.96091 14.4777 9.14241" width="14.4777pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path d="M574 449L545 460C526 432 516 430 487 430C404 430 311 435 226 435C104 435 56 379 25 341L43 318C81 354 121 372 181 372C161 246 87 53 23 3L30 -12C48 -12 88 -4 113 11C157 75 207 248 232 371L386 367L326 109C321 86 318 66 318 50C318 4 339 -12 366 -12C410 -12 461 21 505 69L492 96C467 79 434 60 418 60C406 60 400 78 411 147C422 217 439 300 457 366C487 366 524 367 536 370C547 385 558 408 574 449Z"></path></g><g transform="matrix(.0091,0,0,-0.0091,7.358,3.132)"><path d="M722 32C646 41 636 48 622 116L544 496L509 667L472 658L153 123C106 45 93 42 27 32L18 0H259L268 32C178 40 172 48 204 107L272 233H509C523 180 533 137 540 96C548 50 546 39 466 32L457 0H714L722 32ZM502 283H299L448 547H450L502 283Z"></path></g></svg> under mergers and acquisitions strategy.</div>

Discrete Dynamics in Nature and Society

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Figure 2: Independent Research and Development or Technology Mergers and Acquisitions? Decision Mechanisms of Research and Development Strategies in a Two-Stage Game 

Figure 2 | Independent Research and Development or Technology Mergers and Acquisitions? Decision Mechanisms of Research and Development Strategies in a Two-Stage Game 