Geodesic
A model for investor-expert interaction in the innovation
News of the Kabardin-Balkar scientific center of RAS, no. 6-2 (2017), pp. 73-78

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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. 
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     title = {A model for investor-expert interaction in the innovation},
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     pages = {73--78},
     publisher = {mathdoc},
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     year = {2017},
     language = {ru},
     url = {http://geodesic.mathdoc.fr/item/IZKAB_2017_6-2_a8/}
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A. O. Gurtuev; E. G. Derkach; Z. Z. Ivanov. A model for investor-expert interaction in the innovation. News of the Kabardin-Balkar scientific center of RAS, no. 6-2 (2017), pp. 73-78. http://geodesic.mathdoc.fr/item/IZKAB_2017_6-2_a8/