University of Tehran Press Interdisciplinary Journal of Management Studies 2981-0795 15 2 2022 04 01 Evolutionary Game Theory Approach to Technology Development of Oil and Gas Equipment Manufacturing Industry: The Case of the Ten Major Commodity Groups’ Project of the Petroleum Industry بررسی توسعه تکنولوژی صنعت ساخت تجهیزات نفت و گاز با رویکرد نظریه بازی ها:مورد مطالعاتی ده گروه کالایی استراتژیک صنعت نفت 365 380 83260 10.22059/ijms.2021.309316.674200 EN Mahdi Bagheri Nasrabadi PhD Candidate at Department of Management, Faculty of Economic & Progress Engineering, Iran University of Science and Technology, Tehran, Iran Abdullah Jaasbi Faculty Member at Department of Industrial Engineering, Iran University of Science and Technology, Tehran, Iran Ali Bonyadi Naeini Faculty Member at Department of Management, Faculty of Economic & Progress Engineering, Iran University of Science and Technology, Tehran, Iran Saeid Shavvalpour Faculty Member at Department of Management, Faculty of Economic & Progress Engineering, Iran University of Science and Technology, Tehran, Iran Journal Article 2020 10 19 Technology development, especially in petroleum industries, is one of the most important ways of economic development in oil-rich countries. However, despite such challenges as structural economic problems, the issue of moral hazards, and the conflict of interests, government policies are crucial. This study analyzed the long-term behavior of the government and the private sector as two main actors using the evolutionary game theory and solved their strategies by replicator dynamic equations. Finally, based on a real-world case in Iran, a numerical study was performed to better understand the characteristics of the game model under realistic conditions. The outputs indicate that the main approach of the government, with minimal incentive mechanisms, should be legal monitoring. Sensitivity analyses on some key parameters show that the important factor in project implementation is attention to the private sector’s revenues and expenditures, and the government’s revenues and expenditures have little effect on the outputs and behavior change. https://ijms.ut.ac.ir/article_83260_f898a0704a5b547818fd3050c39d4d73.pdf