TY - JOUR
T1 - Dynamic interplay in biomass fuel technological innovation
T2 - a tripartite evolutionary game analysis
AU - Wei, Yigang
AU - Shao, Yuanyuan
AU - Yang, Xiaoliang
AU - Zheng, Keming
AU - Zhang, Lupeng
N1 - Publisher Copyright:
© The Author(s) 2025.
PY - 2025/12
Y1 - 2025/12
N2 - Biomass fuel provides a sustainable alternative for global energy needs. The process of technological innovation in biomass fuel involves numerous stakeholders. This paper examines how to balance the interests and powers of various stakeholders to foster innovation in biomass fuel technology. Focusing on the power industry, we explore the behavioral evolution and characteristics of strategic choices and interplay under various scenarios. Our findings indicate: Firstly, technology developers’ investment in biomass fuel technology exhibits a ‘threshold effect’, where initial investment promotes innovation up to a certain point, beyond which further investment yields diminishing returns and reduces their willingness to invest. Second, government green subsidies to technology developers encourage research institutes to engage in biomass fuel technology innovation. Third, high opportunity costs and risks discourage electric power companies and research institutes from pursuing biomass fuel innovation. These insights can help improve biomass fuel innovation and guide government policies.
AB - Biomass fuel provides a sustainable alternative for global energy needs. The process of technological innovation in biomass fuel involves numerous stakeholders. This paper examines how to balance the interests and powers of various stakeholders to foster innovation in biomass fuel technology. Focusing on the power industry, we explore the behavioral evolution and characteristics of strategic choices and interplay under various scenarios. Our findings indicate: Firstly, technology developers’ investment in biomass fuel technology exhibits a ‘threshold effect’, where initial investment promotes innovation up to a certain point, beyond which further investment yields diminishing returns and reduces their willingness to invest. Second, government green subsidies to technology developers encourage research institutes to engage in biomass fuel technology innovation. Third, high opportunity costs and risks discourage electric power companies and research institutes from pursuing biomass fuel innovation. These insights can help improve biomass fuel innovation and guide government policies.
UR - https://www.scopus.com/pages/publications/105021267526
U2 - 10.1057/s41599-025-05959-6
DO - 10.1057/s41599-025-05959-6
M3 - 文章
AN - SCOPUS:105021267526
SN - 2662-9992
VL - 12
JO - Humanities and Social Sciences Communications
JF - Humanities and Social Sciences Communications
IS - 1
M1 - 1700
ER -