Effects of Knowledge Acquisition Ability on the Stability of Technology Innovation Alliance under Uncertainty

Integrated with real options theory,this paper applies Cournot-Nash game theory and dynamic optimization methods to research effects of knowledge acquisition ability on the evolutionary of technology innovation alliance under different periods and statuses.In this model,this paper explores knowledge acquisition ability of members how to affect their strategic decisions including maintenances,mergers or dissolutions under the uncertain production costs and synergies.The results may provide some theoretical supports for selections of the optimal dynamic competitive and cooperative relationship and managerial flexibility among members.