Game between Mobile Operators and Financial Institutions in Mobile Payment Market: An Evolutionary Game Approach

The game between bounded rational mobile operators and financial institutions is studied on the basis of evolutionary game theory. Then, the factors influencing the cooperation between mobile operators and financial institutions are analyzed. The result shows that cooperation between mobile operators and financial institutions is the trend, moreover, the probability of cooperation of both sides has a positive relation with excess income of cooperation and independent product development and a negative relation with the research cost and betrayal income, reasonable proportion of excess income allocation will effectively benefit both sides and achieve a win-win situation.