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A stochastic evolutionary game perspective on the stability of strategic alliances against external opportunism

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Abstract

This paper applies stochastic evolutionary game theory to analyzing the stability of cooperation among members against external opportunism in a multi-firm alliance. The authors first review the pros and cons of pertinent traditional models, and then a stochastic game model on decisions is proposed, where a coordination parameter, a time variable, a punishment effect and bounded rationality are considered. The Gauss white noise is introduced to reflect the random disturbance in the process. Several sufficient criteria on stability are developed, which enable us to investigate “if-then”type scenarios and project the impact of different strategies.

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Author information

Authors and Affiliations

  1. College of Business Administration, Shandong Institute of Business and Technology, Yantai, 264005, China

    Yan Xu

  2. Graduate Department, Shandong Institute of Business and Technology, Yantai, 264005, China

    Benhai Yu

  3. School of Information Management, Hubei University of Economics, Wuhan, 430205, China

    Youtian Wang

  4. International Business College, Shandong Institute of Business and Technology, Yantai, 264005, China

    Yanliang Chen

Authors
  1. Yan Xu
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  2. Benhai Yu
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  3. Youtian Wang
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  4. Yanliang Chen
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Corresponding author

Correspondence to Yan Xu.

Additional information

This research was supported by the Scientific Research Foundation of Shandong Province in 2014, the OutstandingYoung Scientist Award under Grant No. BS2014SF009, the National Natural Science Research ofChina under Grant Nos. 71373194, 71101059, 71172086, 71272122, 61304175, and the Ministry of Education ofHumanities and Social Science Youth Fund Project under Grant No. 13YJC630013.

This paper was recommended for publication by Editor ZOU Guohua.

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Xu, Y., Yu, B., Wang, Y. et al. A stochastic evolutionary game perspective on the stability of strategic alliances against external opportunism. J Syst Sci Complex 28, 978–996 (2015). https://doi.org/10.1007/s11424-015-2104-x

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  • DOI: https://doi.org/10.1007/s11424-015-2104-x

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