The evolution of competition in innovation resource: a theoretical study based on Lotka–Volterra model

ABSTRACT

This research uses the Lotka–Volterra model to analyse the competition of innovation resource between two enterprises and studies the dynamic effects of environmental changes through the change of model parameters. The research finds that there are three possible results of the competition in innovation resource. That comprises ‘crowding out effect’, ‘unstable equilibrium’ and ‘stable equilibrium’. The results of competitive evolution are determined by enterprises’ interaction parameters. However, the natural growth rates, the initial resource possessions of both enterprises and the amount of regional innovation resource have a significant impact on the evolution of competition.

KEYWORDS:

• Innovation resource
• Lotka–Volterra model
• evolution of competition

Notes on Contributors

Tie Wei is a professor of Technology Management at Guangxi University. He received his PhD in Management Science from the University of Electronic Science and Technology of China in 2010. His current research interests focus on innovation management and knowledge management.

Zhiwei Zhu is a professor of Operations Management at the University of Louisiana at Lafayette. He received his PhD in Industrial Management from Clemson University in 1989. His current research interests focus on knowledge management.

Yang Li is a researcher of Intellectual Property Management at Guangxi University. His current research interests focus on innovation management.

Na Yao is a researcher of Intellectual Property Management at Guangxi University. Her current research interests focus on innovation management.

Additional information

Funding

This work was supported by National Natural Science Foundation of China [grant number 71162025].