TITLE:
Game Analysis of Cooperation between Start-Up and Venture Investor
AUTHORS:
Qunying Chen
KEYWORDS:
Start-Up, Venture Investor, Cooperative Game, Dynamic Game Model of Complete Information
JOURNAL NAME:
Journal of Financial Risk Management,
Vol.5 No.3,
September
5,
2016
ABSTRACT: This article divides the cooperation style between start-ups and venture investors into non-property cooperation and property cooperation. On the basis, it sets up a dynamic game model of complete information to figure out the corresponding Nash equilibrium. And the game analysis results indicate that during the cooperative game process of start-up and venture investor, the higher extra input the venture investor needs to provide, the more likely the both sides are to choose non-property cooperation; the higher profits the success of the venture project may bring, the more likely the entrepreneurial firm is to choose property cooperation.