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Research on the cooperative network game model of marine plastic waste management

Research on the cooperative network game model of marine plastic waste management
Research on the cooperative network game model of marine plastic waste management

Marine plastic waste pollution damages the stability of the marine ecosystem and inhibits the sustainable development of the "blue economy", which has aroused widespread concern worldwide. Nowadays, cooperation on marine plastic waste management is an urgent research topic. A global consensus on management cooperation is emerging, but the economic feasibility of cooperation has not yet to be proven. This paper takes the amount of capital investment, technology level of governance and the amount of marine plastic waste to be treated as variables affecting the cooperative income to construct a cooperative network game model for marine plastic waste management from the perspective of economics. The paper distributes benefits based on the "Myerson value", analyzes the equilibrium conditions of the model and tests the stability of cooperation. In addition, numerical analysis is carried out using actual data from key countries to demonstrate the practical economic feasibility of cooperation in marine plastic waste management. The findings include: (1) The technology level of governance and the amount of marine plastic waste to be treated have a negative impact on the country's choice of cooperative governance strategies and the stability of cooperative alliance, while the amount of capital investment is conductive to it. (2) The size of the alliance has an impact on country's strategic choices and the stability of the alliances. Too small an alliance is not conducive to cooperative alliance building, which gradually becomes more likely as the size of the alliance increases, but it is uncertain the effect of oversized alliance and what size is most appropriate. (3) Cooperation in marine plastic waste management is economically feasible at both the theoretical and practical levels. (4) Encouraging technological innovation to improve the governance level, implementing extended producer responsibility measures to shift the management cost, exerting the positive influence of key countries to promote the stability of the alliance, and establishing a reasonable interest adjustment mechanism to coordinate the interests of all parties are helpful to build a stable and efficient cooperation alliance and improve the economic feasibility of marine plastic waste management cooperation. This paper not only provides theoretical support for the global cooperation of marine plastic waste management, but also proves the feasibility of practice and points out the direction for its practice.

Cooperative network game, Economic feasibility, Marine plastic waste management, Myerson value
0308-597X
Zhao, Changping
604d48a3-ab27-40b3-a86f-ecb648dbfd7b
Hou, Yingying
b584f7f1-d973-4809-9a0e-647f3434fc35
Liu, Mengru
9a6ece1d-61d1-4f77-a1be-57d934203b55
Gong, Yu
86c8d37a-744d-46ab-8b43-18447ccaf39c
Wang, Junbin
e3a7d473-d65a-4cbb-806c-7112d8bfa054
Zhao, Changping
604d48a3-ab27-40b3-a86f-ecb648dbfd7b
Hou, Yingying
b584f7f1-d973-4809-9a0e-647f3434fc35
Liu, Mengru
9a6ece1d-61d1-4f77-a1be-57d934203b55
Gong, Yu
86c8d37a-744d-46ab-8b43-18447ccaf39c
Wang, Junbin
e3a7d473-d65a-4cbb-806c-7112d8bfa054

Zhao, Changping, Hou, Yingying, Liu, Mengru, Gong, Yu and Wang, Junbin (2023) Research on the cooperative network game model of marine plastic waste management. Marine Policy, 149, [105504]. (doi:10.1016/j.marpol.2023.105504).

Record type: Article

Abstract

Marine plastic waste pollution damages the stability of the marine ecosystem and inhibits the sustainable development of the "blue economy", which has aroused widespread concern worldwide. Nowadays, cooperation on marine plastic waste management is an urgent research topic. A global consensus on management cooperation is emerging, but the economic feasibility of cooperation has not yet to be proven. This paper takes the amount of capital investment, technology level of governance and the amount of marine plastic waste to be treated as variables affecting the cooperative income to construct a cooperative network game model for marine plastic waste management from the perspective of economics. The paper distributes benefits based on the "Myerson value", analyzes the equilibrium conditions of the model and tests the stability of cooperation. In addition, numerical analysis is carried out using actual data from key countries to demonstrate the practical economic feasibility of cooperation in marine plastic waste management. The findings include: (1) The technology level of governance and the amount of marine plastic waste to be treated have a negative impact on the country's choice of cooperative governance strategies and the stability of cooperative alliance, while the amount of capital investment is conductive to it. (2) The size of the alliance has an impact on country's strategic choices and the stability of the alliances. Too small an alliance is not conducive to cooperative alliance building, which gradually becomes more likely as the size of the alliance increases, but it is uncertain the effect of oversized alliance and what size is most appropriate. (3) Cooperation in marine plastic waste management is economically feasible at both the theoretical and practical levels. (4) Encouraging technological innovation to improve the governance level, implementing extended producer responsibility measures to shift the management cost, exerting the positive influence of key countries to promote the stability of the alliance, and establishing a reasonable interest adjustment mechanism to coordinate the interests of all parties are helpful to build a stable and efficient cooperation alliance and improve the economic feasibility of marine plastic waste management cooperation. This paper not only provides theoretical support for the global cooperation of marine plastic waste management, but also proves the feasibility of practice and points out the direction for its practice.

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Accepted/In Press date: 20 January 2023
e-pub ahead of print date: 27 January 2023
Published date: March 2023
Keywords: Cooperative network game, Economic feasibility, Marine plastic waste management, Myerson value

Identifiers

Local EPrints ID: 478799
URI: http://eprints.soton.ac.uk/id/eprint/478799
ISSN: 0308-597X
PURE UUID: 78f4cf3b-9054-46c9-b47d-3a9fc3010e97
ORCID for Yu Gong: ORCID iD orcid.org/0000-0002-5411-376X

Catalogue record

Date deposited: 10 Jul 2023 16:49
Last modified: 17 Mar 2024 03:45

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Contributors

Author: Changping Zhao
Author: Yingying Hou
Author: Mengru Liu
Author: Yu Gong ORCID iD
Author: Junbin Wang

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