IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2023i1p136-d1305667.html
   My bibliography  Save this article

A Selected Survey of Game Theory Models with Government Schemes to Support Circular Economy Systems

Author

Listed:
  • Pietro De Giovanni

    (Department of Strategy and Operations Management, SDA Bocconi School of Management and DIR—Claudio Dematté Research Division, Sustainable Operations and Supply Chain Monitor, 20136 Milan, Italy)

  • Vinay Ramani

    (Department of Management Sciences, Indian Institute of Technology, Kanpur 208016, India)

Abstract

This paper reviews the public schemes and mechanisms available for firms to activate and successfully organize circular economy settings. Because of the nature of such negotiated incentives, we focus this survey on game theory models and emphasize three main fields: (1) analysis of public schemes proposed by governments to sponsor the formation of circular economy systems; (2) investigation of government actions in sponsoring these schemes, which can either be active or passive; and (3) analysis of circular economy options used in game theory with government interventions, linked to the waste pyramid framework. Within these fields, we identify six research gaps that future research can address to contribute to this domain’s knowledge. Furthermore, by crossing these three dimensions, we derive 200 possible fields that can be populated with future research and emphasize the ones that require more contributions from researchers in the future.

Suggested Citation

  • Pietro De Giovanni & Vinay Ramani, 2023. "A Selected Survey of Game Theory Models with Government Schemes to Support Circular Economy Systems," Sustainability, MDPI, vol. 16(1), pages 1-29, December.
    • Handle: RePEc:gam:jsusta:v:16:y:2023:i:1:p:136-:d:1305667
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/1/136/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/1/136/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Pietro De Giovanni & Vinay Ramani, 2018. "Product cannibalization and the effect of a service strategy," Journal of the Operational Research Society, Taylor & Francis Journals, vol. 69(3), pages 340-357, March.
    2. Ma, Wei-min & Zhao, Zhang & Ke, Hua, 2013. "Dual-channel closed-loop supply chain with government consumption-subsidy," European Journal of Operational Research, Elsevier, vol. 226(2), pages 221-227.
    3. Tian, Fang & Sošić, Greys & Debo, Laurens, 2020. "Stable recycling networks under the Extended Producer Responsibility," European Journal of Operational Research, Elsevier, vol. 287(3), pages 989-1002.
    4. Jalali, Hamed & Ansaripoor, Amir H. & De Giovanni, Pietro, 2020. "Closed-loop supply chains with complementary products," International Journal of Production Economics, Elsevier, vol. 229(C).
    5. Yongjian Li & Qianzhou Deng & Chi Zhou & Lipan Feng, 2020. "Environmental governance strategies in a two-echelon supply chain with tax and subsidy interactions," Annals of Operations Research, Springer, vol. 290(1), pages 439-462, July.
    6. He, Peng & He, Yong & Xu, Henry, 2019. "Channel structure and pricing in a dual-channel closed-loop supply chain with government subsidy," International Journal of Production Economics, Elsevier, vol. 213(C), pages 108-123.
    7. Yang, Rui & Tang, Wansheng & Zhang, Jianxiong, 2021. "Technology improvement strategy for green products under competition: The role of government subsidy," European Journal of Operational Research, Elsevier, vol. 289(2), pages 553-568.
    8. Dou, Guowei & Choi, Tsan-Ming, 2021. "Does implementing trade-in and green technology together benefit the environment?," European Journal of Operational Research, Elsevier, vol. 295(2), pages 517-533.
    9. Jin, Minyue & Zhang, Xueqing & Xiong, Yu & Zhou, Yu, 2021. "Implications of green optimism upon sustainable supply chain management," European Journal of Operational Research, Elsevier, vol. 295(1), pages 131-139.
    10. Zhou, Wenhui & Zheng, Yanfang & Huang, Weixiang, 2017. "Competitive advantage of qualified WEEE recyclers through EPR legislation," European Journal of Operational Research, Elsevier, vol. 257(2), pages 641-655.
    11. Pietro De Giovanni & Georges Zaccour, 2022. "A selective survey of game-theoretic models of closed-loop supply chains," Annals of Operations Research, Springer, vol. 314(1), pages 77-116, July.
    12. Bian, Junsong & Zhang, Guoqing & Zhou, Guanghui, 2020. "Manufacturer vs. Consumer Subsidy with Green Technology Investment and Environmental Concern," European Journal of Operational Research, Elsevier, vol. 287(3), pages 832-843.
    13. Agliardi, Elettra & Kasioumi, Myrto, 2023. "Closing the loop in a duopolistic circular economy model," International Journal of Production Economics, Elsevier, vol. 262(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Huang, Shuai & Cheng, Jian & Zheng, Wenxin, 2024. "The impacts of environmental benefit concern of enterprises on competitive supply chain economic and environmental benefits," Applied Energy, Elsevier, vol. 374(C).
    2. Tsan-Ming Choi & Tana Siqin, 2024. "Can government policies help to achieve the pollutant emissions information disclosure target in the Industry 4.0 era?," Annals of Operations Research, Springer, vol. 342(2), pages 1129-1147, November.
    3. Li, Jin & Wang, Haoyu & Shi, Victor & Sun, Qi, 2024. "Manufacturer's choice of online selling format in a dual-channel supply chain with green products," European Journal of Operational Research, Elsevier, vol. 318(1), pages 131-142.
    4. Niu, Baozhuang & Zhang, Nan & Zhang, Jianhua, 2024. "How to Induce Multinational Firms’ Local Sourcing to Break Carbon Lock-in?," European Journal of Operational Research, Elsevier, vol. 315(2), pages 613-625.
    5. Cheng, Fei & Chen, Tong & Chen, Qiao, 2022. "Cost-reducing strategy or emission-reducing strategy? The choice of low-carbon decisions under price threshold subsidy," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 157(C).
    6. Liu, Samuel Shuai & Hua, Guowei & Ma, Benedict Jun & Cheng, T.C.E., 2023. "Competition between green and non-green products in the blockchain era," International Journal of Production Economics, Elsevier, vol. 264(C).
    7. Pietro Giovanni & Georges Zaccour, 2019. "A selective survey of game-theoretic models of closed-loop supply chains," 4OR, Springer, vol. 17(1), pages 1-44, March.
    8. Liu, Zhi & Li, Kevin W. & Tang, Juan & Gong, Bengang & Huang, Jun, 2021. "Optimal operations of a closed-loop supply chain under a dual regulation," International Journal of Production Economics, Elsevier, vol. 233(C).
    9. Junyi Zhong & Jiazhen Huo, 2023. "How Does Green Store Brand Introduction Influence the Effects of Government Subsidy on Supply Chain Performance?," Mathematics, MDPI, vol. 11(14), pages 1-22, July.
    10. Xue Wang & Jiayuan Zhang & Deqing Ma & Hao Sun, 2023. "Green Agricultural Products Supply Chain Subsidy Scheme with Green Traceability and Data-Driven Marketing of the Platform," IJERPH, MDPI, vol. 20(4), pages 1-29, February.
    11. Hao Hao & Wenxian Xu & Fangfang Wei & Chuanliang Wu & Zhaoran Xu, 2022. "Reward–Penalty vs. Deposit–Refund: Government Incentive Mechanisms for EV Battery Recycling," Energies, MDPI, vol. 15(19), pages 1-18, September.
    12. Shizhen Bai & Ling Ge & Xuelian Zhang, 2022. "Platform or direct channel: government-subsidized recycling strategies for WEEE," Information Systems and e-Business Management, Springer, vol. 20(2), pages 347-369, June.
    13. Zhang, Abraham & Wang, Jason X. & Farooque, Muhammad & Wang, Yulan & Choi, Tsan-Ming, 2021. "Multi-dimensional circular supply chain management: A comparative review of the state-of-the-art practices and research," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 155(C).
    14. Haitao Chen & Zhaohui Dong & Gendao Li, 2020. "Government Reward-Penalty Mechanism in Dual-Channel Closed-Loop Supply Chain," Sustainability, MDPI, vol. 12(20), pages 1-15, October.
    15. Yue Tan & Chunxiang Guo, 2019. "Research on Two-Way Logistics Operation with Uncertain Recycling Quality in Government Multi-Policy Environment," Sustainability, MDPI, vol. 11(3), pages 1-18, February.
    16. Jinxuan Song & Xu Yan, 2023. "Impact of Government Subsidies, Competition, and Blockchain on Green Supply Chain Decisions," Sustainability, MDPI, vol. 15(4), pages 1-27, February.
    17. Essam Kaoud & Mohammad A. M. Abdel-Aal & Tatsuhiko Sakaguchi & Naoki Uchiyama, 2020. "Design and Optimization of the Dual-Channel Closed Loop Supply Chain with E-Commerce," Sustainability, MDPI, vol. 12(23), pages 1-21, December.
    18. Liu, Chang-Yi & Wang, Hui & Tang, Juan & Chang, Ching-Ter & Liu, Zhi, 2021. "Optimal recovery model in a used batteries closed-loop supply chain considering uncertain residual capacity," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 156(C).
    19. Renbang Shan & Li Luo & Baoli Shi, 2023. "The choice of recycling strategies for decision-makers based on government subsidy and service budget," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(2), pages 1441-1472, February.
    20. Fang, Lei & Zhao, Sai, 2023. "On the green subsidies in a differentiated market," International Journal of Production Economics, Elsevier, vol. 257(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2023:i:1:p:136-:d:1305667. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.