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The Game Model of Blue Carbon Collaboration along MSR—From the Regret Theory Perspective

Author

Listed:
  • Changping Zhao

    (Business School, Changshu Institute of Technology, Suzhou 215506, China
    Tianhua College, Shanghai Normal University, Shanghai 201815, China)

  • Maliyamu Sadula

    (School of Economics and Management, Shihezi University, Shihezi 832002, China)

  • Xiangmeng Huang

    (Business School, Changshu Institute of Technology, Suzhou 215506, China)

  • Yali Yang

    (School of Economic and Management, Southeast University, Nanjing 211189, China)

  • Yu Gong

    (Business School, University of Southampton, Southampton SO17 1BJ, UK)

  • Shuai Yang

    (Business School, Changshu Institute of Technology, Suzhou 215506, China)

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.

Suggested Citation

  • Changping Zhao & Maliyamu Sadula & Xiangmeng Huang & Yali Yang & Yu Gong & Shuai Yang, 2022. "The Game Model of Blue Carbon Collaboration along MSR—From the Regret Theory Perspective," Mathematics, MDPI, vol. 10(6), pages 1-15, March.
    • Handle: RePEc:gam:jmathe:v:10:y:2022:i:6:p:1006-:d:775991
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    References listed on IDEAS

    as
    1. Loomes, Graham & Sugden, Robert, 1982. "Regret Theory: An Alternative Theory of Rational Choice under Uncertainty," Economic Journal, Royal Economic Society, vol. 92(368), pages 805-824, December.
    2. Trisha B. Atwood & Rod M. Connolly & Euan G. Ritchie & Catherine E. Lovelock & Michael R. Heithaus & Graeme C. Hays & James W. Fourqurean & Peter I. Macreadie, 2015. "Predators help protect carbon stocks in blue carbon ecosystems," Nature Climate Change, Nature, vol. 5(12), pages 1038-1045, December.
    3. Tiziana Ciano & Massimiliano Ferrara & Mariangela Gangemi & Domenica Stefania Merenda & Bruno Antonio Pansera, 2021. "Climate Change Sustainability: From Bargaining to Cooperative Balanced Approach," Games, MDPI, vol. 12(2), pages 1-13, May.
    4. Changping Zhao & Xiaojiang Xu & Yu Gong & Houming Fan & Haojia Chen, 2019. "Blue Carbon Cooperation in the Maritime Silk Road with Network Game Model and Simulation," Sustainability, MDPI, vol. 11(10), pages 1-27, May.
    5. Cullis-Suzuki, Sarika & Pauly, Daniel, 2010. "Failing the high seas: A global evaluation of regional fisheries management organizations," Marine Policy, Elsevier, vol. 34(5), pages 1036-1042, September.
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    Cited by:

    1. Houdong Liu & Qian Kang & Yi Zou & Songtao Yu & Yuxian Ke & Pin Peng, 2023. "Research on Comprehensive Evaluation Model of Metal Mine Emergency Rescue System Based on Game Theory and Regret Theory," Sustainability, MDPI, vol. 15(14), pages 1-15, July.

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