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.
Zhao, Changping
5189b6fc-dde9-4c2b-8bc7-57da2f8cdec5
Wang, Yecheng
fcbb4c0c-b772-4719-b099-e024d4447271
Zhang, Tianxiang
9fd71ab9-6dc2-4fc9-b593-460d60b6e5da
Huang, Qingbo
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Gong, Yu
86c8d37a-744d-46ab-8b43-18447ccaf39c
Zhao, Changping
5189b6fc-dde9-4c2b-8bc7-57da2f8cdec5
Wang, Yecheng
fcbb4c0c-b772-4719-b099-e024d4447271
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 (Switzerland), 11 (3377).
(doi:10.3390/su11123377).
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
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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: http://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: 16 Mar 2024 04:29
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Author:
Changping Zhao
Author:
Yecheng Wang
Author:
Tianxiang Zhang
Author:
Qingbo Huang
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