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The Game Simulation of “The Belt and Road” Economic and Trade Network Based on the Asymmetric QRE Model

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  • Changping Zhao

    (School of Maritime Economics and Management, Dalian Maritime University, Dalian 116026, China)

  • Yecheng Wang

    (School of Maritime Economics and Management, Dalian Maritime University, Dalian 116026, China)

  • Tianxiang Zhang

    (School of Business, Anhui University of Technology, Ma’anshan 243032, China)

  • Qingbo Huang

    (School of Maritime Economics and Management, Dalian Maritime University, Dalian 116026, China)

  • Yu Gong

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

Abstract

This paper introduces the asymmetric Quantal Response Equilibria (QRE) network game model to explain the influencing factors on the cooperative behavior of "The Belt and Road" 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.

Suggested Citation

  • Changping Zhao & Yecheng Wang & Tianxiang Zhang & Qingbo Huang & Yu Gong, 2019. "The Game Simulation of “The Belt and Road” Economic and Trade Network Based on the Asymmetric QRE Model," Sustainability, MDPI, vol. 11(12), pages 1-17, June.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:12:p:3377-:d:240990
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    1. Zhao, Yujia & Shuai, Jing & Shi, Yin & Lu, Yang & Zhang, Zumeng, 2022. "Exploring the co-opetition mechanism of renewable energy trade between China and the “Belt and Road” countries: A dynamic game approach," Renewable Energy, Elsevier, vol. 191(C), pages 998-1008.

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