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The game simulation of “The Belt and Road” economic and trade network based on the asymmetric QRE model

The game simulation of “The Belt and Road” economic and trade network based on the asymmetric QRE model
The game simulation of “The Belt and Road” economic and trade network based on the asymmetric QRE model
This paper introduces the asymmetric Quantal Response Equilibria (QRE) network game model to explain the influencing factors on the cooperative behavior of ʺThe Belt and Roadʺ countries. The findings suggest that the belief in the sensitivity to own payoff and counterparts, the reward for cooperation by neighbor nodes, the trade facilitation index, and the reduction rate of tariffs were incorporated to have a significant impact on the Belt and Road cooperation. Our findings provide important policy references to the belt and road countries.
2071-1050
Zhao, Changping
5189b6fc-dde9-4c2b-8bc7-57da2f8cdec5
Wang, Yecheng
879beb26-0ba4-4b38-b181-dbbcf5c34f35
Zhang, Tianxiang
9fd71ab9-6dc2-4fc9-b593-460d60b6e5da
Huang, Qingbo
6ac9d9ae-9275-4922-9efd-e22c6c326677
Gong, Yu
86c8d37a-744d-46ab-8b43-18447ccaf39c
Zhao, Changping
5189b6fc-dde9-4c2b-8bc7-57da2f8cdec5
Wang, Yecheng
879beb26-0ba4-4b38-b181-dbbcf5c34f35
Zhang, Tianxiang
9fd71ab9-6dc2-4fc9-b593-460d60b6e5da
Huang, Qingbo
6ac9d9ae-9275-4922-9efd-e22c6c326677
Gong, Yu
86c8d37a-744d-46ab-8b43-18447ccaf39c

Zhao, Changping, Wang, Yecheng, Zhang, Tianxiang, Huang, Qingbo and Gong, Yu (2019) The game simulation of “The Belt and Road” economic and trade network based on the asymmetric QRE model. Sustainability, 11 (3377). (doi:10.3390/su11123377).

Record type: Article

Abstract

This paper introduces the asymmetric Quantal Response Equilibria (QRE) network game model to explain the influencing factors on the cooperative behavior of ʺThe Belt and Roadʺ countries. The findings suggest that the belief in the sensitivity to own payoff and counterparts, the reward for cooperation by neighbor nodes, the trade facilitation index, and the reduction rate of tariffs were incorporated to have a significant impact on the Belt and Road cooperation. Our findings provide important policy references to the belt and road countries.

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12 Zhao et al. (2019) sustainability - Version of Record
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Accepted/In Press date: 17 June 2019
e-pub ahead of print date: 18 June 2019

Identifiers

Local EPrints ID: 432656
URI: https://eprints.soton.ac.uk/id/eprint/432656
ISSN: 2071-1050
PURE UUID: c9d95f5d-38b4-4758-8a04-405fe4bbd9c7

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Date deposited: 23 Jul 2019 16:30
Last modified: 25 Sep 2019 16:30

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