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Regulatory Effect on Information Sharing of Industrial Internet Platforms Based on Three Differentiated Game Scenarios

Author

Listed:
  • Lihua Jiang

    (School of Business Administration, Liaoning Technical University, Huludao 125105, China)

  • Wei Chen

    (School of Business Administration, Liaoning Technical University, Huludao 125105, China)

  • Shichang Lu

    (School of Business Administration, Liaoning Technical University, Huludao 125105, China)

  • Zhaoxiang Chen

    (School of Management, Northwest Polytechnical University, Xi’an 710129, China)

Abstract

This study constructs a regulatory system for information sharing on industrial internet platforms from a technical and socio-legal perspective. A differentiated game is used to construct decentralized, centralized, and cost-sharing contract decision-making scenarios to obtain the optimal level of efforts for information-sharing regulation. Through a comparative analysis, the optimal solutions under the three scenarios were derived. These solutions were then analyzed through numerical simulations using Matlab2016a. Our research demonstrates the following: (1) Centralized decision-making is most beneficial to the development of information-sharing regulatory systems. (2) Beyond a critical value for the local government cost subsidy coefficients, changes in these coefficients have a more pronounced effect on improving the economic efficiency of the regulatory system, and vice versa. That is, when the cost subsidy coefficient is higher than 1/2, increasing the cost subsidy coefficient has a more pronounced effect on improving the economic efficiency of the information-sharing regulatory system. (3) In all scenarios, an increase in the regulatory effort can effectively enhance the reputation of the information-sharing regulatory system. This study further extends the research on information-sharing regulations and provides a practical guide to industrial internet platforms.

Suggested Citation

  • Lihua Jiang & Wei Chen & Shichang Lu & Zhaoxiang Chen, 2022. "Regulatory Effect on Information Sharing of Industrial Internet Platforms Based on Three Differentiated Game Scenarios," Sustainability, MDPI, vol. 15(1), pages 1-25, December.
  • Handle: RePEc:gam:jsusta:v:15:y:2022:i:1:p:416-:d:1016162
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    References listed on IDEAS

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