The game model of blue carbon collaboration along MSR — from the regret theory perspective
The game model of blue carbon collaboration along MSR — from the regret theory perspective
Ocean pollution and global warming are two pressing environmental problems exacerbated by human economic behavior. Building a blue carbon cooperation platform along the Maritime Silk Road (MSR) to promote sustainable development of countries along the route is of practical value to solving these two problems. Based on the analysis and review of the latest research on blue carbon, cooperative game and MSR, Weber’s law and regret theory are introduced to establish an economic model of blue carbon international cooperation, which proves the economic feasibility of blue carbon cooperation along MSR. The influence of psychological factors on the decision making of blue carbon international cooperation is also discussed. In addition, the measures to promote international cooperation are also discussed according to the current situation of marine blue carbon resources.
Maritime Silk Road, blue carbon, cooperation game, regret theory
Zhao, Changping
604d48a3-ab27-40b3-a86f-ecb648dbfd7b
Sadula, Maliyamu
d583acbb-dda9-4f3b-a15c-8a2babb28dd0
Huang, Xiangmeng
b559eb33-dabf-49a0-bae3-288c9e025f78
Yang, Yali
16f96a32-9587-4d0e-84c9-67d823c1177f
Gong, Yu
86c8d37a-744d-46ab-8b43-18447ccaf39c
Yang, Shuai
1d4dae39-5123-44f3-8c8a-6794fdbf1f07
21 March 2022
Zhao, Changping
604d48a3-ab27-40b3-a86f-ecb648dbfd7b
Sadula, Maliyamu
d583acbb-dda9-4f3b-a15c-8a2babb28dd0
Huang, Xiangmeng
b559eb33-dabf-49a0-bae3-288c9e025f78
Yang, Yali
16f96a32-9587-4d0e-84c9-67d823c1177f
Gong, Yu
86c8d37a-744d-46ab-8b43-18447ccaf39c
Yang, Shuai
1d4dae39-5123-44f3-8c8a-6794fdbf1f07
Zhao, Changping, Sadula, Maliyamu, Huang, Xiangmeng, Yang, Yali, Gong, Yu and Yang, Shuai
(2022)
The game model of blue carbon collaboration along MSR — from the regret theory perspective.
Mathematics, 10 (6), [1006].
(doi:10.3390/math10061006).
Abstract
Ocean pollution and global warming are two pressing environmental problems exacerbated by human economic behavior. Building a blue carbon cooperation platform along the Maritime Silk Road (MSR) to promote sustainable development of countries along the route is of practical value to solving these two problems. Based on the analysis and review of the latest research on blue carbon, cooperative game and MSR, Weber’s law and regret theory are introduced to establish an economic model of blue carbon international cooperation, which proves the economic feasibility of blue carbon cooperation along MSR. The influence of psychological factors on the decision making of blue carbon international cooperation is also discussed. In addition, the measures to promote international cooperation are also discussed according to the current situation of marine blue carbon resources.
Text
mathematics-10-01006
- Version of Record
More information
Accepted/In Press date: 18 March 2022
e-pub ahead of print date: 21 March 2022
Published date: 21 March 2022
Additional Information:
Funding Information:
“Blue Carbon: the Role of Healthy Oceans in Binding Carbon—A Rapid Response Assessment”, issued in 2009 by the United Nations Environment Program (UNEP), Food and Agriculture Organization of the United Nations (FAO) and United Nations Educational, Scientific and Cultural Organization (UNESCO) Intergovernmental Oceanographic Commission, is one of the most comprehensive achievements in the field of blue carbon research [13]. The report makes a comprehensive analysis and demonstration from six aspects, including carbon fixation, ocean and climate, the role and current situation of “blue carbon”, the significance of “blue carbon” to human society and the way to change. It also proposes the establishment of a global “blue carbon sink fund”, the “blue carbon sink” benchmark and standard, and a coordination and financial support mechanism. However, the report did not demonstrate the economic feasibility of international cooperation on blue carbon, nor did it provide a specific mechanism for sharing the benefits.
Publisher Copyright:
© 2022 by the authors.
Copyright:
Copyright 2022 Elsevier B.V., All rights reserved.
Keywords:
Maritime Silk Road, blue carbon, cooperation game, regret theory
Identifiers
Local EPrints ID: 457725
URI: http://eprints.soton.ac.uk/id/eprint/457725
PURE UUID: efcaf8da-7b06-437e-8e83-d76a976d641c
Catalogue record
Date deposited: 16 Jun 2022 00:24
Last modified: 18 Mar 2024 03:40
Export record
Altmetrics
Contributors
Author:
Changping Zhao
Author:
Maliyamu Sadula
Author:
Xiangmeng Huang
Author:
Yali Yang
Author:
Shuai Yang
Download statistics
Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.
View more statistics
