期权-博弈方法在产学研协同创新利益分配中的应用

The Application of Option-Game Method in Profit Distribution of Collaborative Innovation of Industry University Research

摘要:

将期权和博弈作为整体方法研究产学研协同创新的多方利益分配问题。根据各投资阶段的期权种类,并基于实物期权的复合性,采用三叉树期权定价模型评估不同合作方式下项目的复合实物期权收益,运用合作博弈理论研究期权收益如何在各主体间进行分配。采用初等无穷小量阶数估计以及随机分析法求解得到的三叉树期权定价模型,考虑了战略决策和管理柔性的价值,与Shapley值法结合,改进了Shapley值法在分配合作剩余时忽略风险的不足,并确保按各方贡献程度划分收益。

Abstract:

Taking option and game as a holistic approach to study the multi-agent interest distribution problem of collaborative innovation in industry university research. According to the option types in different investment stages, and based on the compound nature of the real options, the trinomial tree option pricing model is used to evaluate the income of compound real options under different forms of cooperation, and the cooperation game theory is used to study how the option income is distributed among the subjects. The trinomial tree option pricing model is obtained by using the elementary infinitesimal order estimation and stochastic analysis method, and the value of strategic decision and management flexibility is considered. By combining the trinomial option pricing model with the Shapley value method, improves the shortage of the Shapley value method without considering the risk in the distribution of cooperative surplus, and ensures that the profit is divided according to the contribution degree of each party.