A. O. Gurtuev, E. G. Derkach, Z. Z. Ivanov, “A model for investor-expert interaction in the innovation investment system with knowledge asymmetry”, News of the Kabardin-Balkar scientific center of RAS, 2017, Issue 6-2,Pages <nobr>73

COMPUTER SCIENCE. CALCULATION EQUIPMENT. MANAGEMENT

A model for investor-expert interaction in the innovation investment system with knowledge asymmetry

A. O. Gurtuev, E. G. Derkach, Z. Z. Ivanov

Institute of Computer Science and Problems of Regional Management – branch of Federal public budgetary scientific establishment "Federal scientific center "Kabardin-Balkar Scientific Center of the Russian Academy of Sciences", 360000, KBR, Nalchik, 37-a, I. Armand St.

Abstract: We propose a model of investor-expert interaction in the system of innovation investment. The model is a recurring game with imperfect information, deferred revenues and Bayesian re-evaluation of players’ own type. Different equilibria for some qualitatively different configurations of initial values of budgets, risk attitude, and distribution of player types are found.

Keywords: : innovation process, game theory, economic mechanisms, adverse selection, information asymmetry, Bayesian equilibrium.

UDC: 303.732.4 + 303.725.2

Received: 20.11.2017