scholarly journals Three-Party Stochastic Evolutionary Game Analysis of Reward and Punishment Mechanism for Green Credit

2021 ◽  
Vol 2021 ◽  
pp. 1-12
Author(s):  
Qingfeng Zhu ◽  
Kaimin Zheng ◽  
Yilin Wei
Keyword(s):  
Commercial Banks ◽  
Evolutionary Game ◽  
Sufficient Conditions ◽  
Game Model ◽  
Obvious Effect ◽  
Game Analysis ◽  
Credit Mechanism ◽  
Green Production ◽  
Punishment Mechanism ◽  
The Stability

To get rid of the development dilemma of green credit, we constructed a stochastic evolutionary game model of local government, commercial banks, and loan enterprises. We gave sufficient conditions for the stability of strategy based on the stability discriminant theorem of It o ^ ' s stochastic differential equation (SDE). Then, we discussed the impacts of incentive and penalty parameters on green credit. Through the above analysis, we got the following conclusions: (1) rewards and punishments always benefit green production and green credit, but increasing incentives is not conducive to the governments’ performance of regulatory duties; (2) punishments can better improve the convergence rate of players’ strategy than rewards; and (3) both rewards and punishments can exert an obvious effect in improving the changing degree of players’ strategy. Finally, we put forward some suggestions to optimize the green credit mechanism.

Evolutionary game analysis of information sharing by institutional investors

2021 ◽  
pp. 1-9
Author(s):  
Hua Li ◽  
Qingqing Lou ◽  
Qiubai Sun ◽  
Bowen Li
Keyword(s):  
Information Sharing ◽  
Institutional Investors ◽  
Information Exchange ◽  
Evolutionary Game ◽  
Stable State ◽  
Point Of View ◽  
Game Model ◽  
Game Analysis ◽  
Relationship Network ◽  
The Relationship

In order to solve the conflict of interests of institutional investors, this paper uses evolutionary game model. From the point of view of information sharing, this paper discusses four different situations. Only when the sum of risk and cost is less than the penalty of free riding, the evolution of institutional investors will eventually incline to the stable state of information sharing. That is, the phenomenon of hugging. The research shows that the institutional investors are not independent of each other, but the relationship network of institutional investors for the purpose of information exchange. The content of this paper enriches the research on information sharing of institutional investors.

scholarly journals Research on the Collaborative Application of BIM in EPC Projects: The Perspective of Cooperation between Owners and General Contractors

2021 ◽  
Vol 2021 ◽  
pp. 1-14
Author(s):  
Chengshuang Sun ◽  
Min Wang ◽  
Fengyong Zhai
Keyword(s):  
Numerical Simulation ◽  
Decision Making ◽  
Dynamic Method ◽  
Evolutionary Game ◽  
Final Decision ◽  
Game Model ◽  
General Contractors ◽  
Punishment Mechanism ◽  
Reducing Costs ◽  
Collaborative Application

As an effective way to reduce costs and increase efficiency of EPC projects, BIM technology has drawn a lot of attention in numerous countries. Existing studies have failed to reveal the BIM decision-making mechanisms of owners and general contractors in EPC projects in a dynamic method. This study investigates the underlying logic of the collaboration application of BIM by analyzing the dynamic behaviors of owners and general contractors based on evolutionary game model. The results show that the most effective suggestions to promote the BIM collaboration application in EPC projects are “increasing the proportion of BIM application initially strategies,” “increasing incremental revenue of BIM collaborative application,” “reducing costs of BIM collaboration application,” “avoiding excessive hitchhiking,” and “establishing reasonable reward and punishment mechanism.” On the basis of numerical simulation to illustrate the influence of the different initial strategies and parameters on the final decision in different situations, five solutions were proposed for the effective BIM collaboration application between owners and general contractors. This article can facilitate researchers pondering the dynamics of collaboration among stakeholders in projects, and it can also facilitate participants picking up proper strategies for improved collaboration.

An evolutionary game analysis of user-pay public–private partnership projects

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Danrong Song ◽  
Jinbo Song ◽  
Hehui Yuan ◽  
Yu Fan
Keyword(s):  
Evolutionary Game ◽  
Public Private Partnership ◽  
Decision Makers ◽  
Successful Implementation ◽  
Game Model ◽  
Public And Private ◽  
Private Partnership ◽  
Content Type ◽  
Game Analysis ◽  
The Public

PurposeWith the growing demand for infrastructure and public services in recent years, PPP-UP have attracted a great deal of attention. However, while the user focuses on the payment for use and the private sector is concerned with its return on investment, the public sector pays more attention to the efficient utilization of public funds. In order to analyze the willingness of each stakeholder to join PPP-UP, an evolutionary game model involving the three parties is constructed.Design/methodology/approachAn evolutionary game model is established that considers the users and the public and private sectors in user-pay public-private-partnership projects (PPP-UP). Eight scenarios of equilibriums and the game's evolutionary stable strategies are analyzed, and the corresponding stability conditions are then obtained. A situation where all three players are willing to cooperate in theory is also examined. The key influencing parameters that affect cooperation behaviors are further discussed.FindingsFirst, the results illustrate that by properly adjusting the influencing factors, the cooperation status among the three parties can be changed along with certain evolutionary trends. Second, it is hard to modify unsatisfactory evolutionary stability by small changes in both the price compensation of and the construction and operation compensation. Third, it is necessary to involve the users in the decision-making process in PPP-UP and take their demands regarding benefits and payments into account.Originality/valueIn this paper, we focus on PPP-UP to research interactions among the public and private sectors and the users. Based on the analysis of the evolutionary game, to facilitate the successful implementation and development of a project, several conditions are needed to ensure tripartite cooperation. Several recommendations are then proposed for decision-makers in PPP-UP.

scholarly journals Evaluation of the Quality Supervision System for Construction Projects in China Considering the Quality Behavior Risk Transmission

Symmetry ◽  
2020 ◽  
Vol 12 (10) ◽  
pp. 1660
Author(s):  
Jingchun Feng ◽  
Yuting Wang ◽  
Ke Zhang
Keyword(s):  
Construction Projects ◽  
Evolutionary Game ◽  
Game Model ◽  
Evolutionary System ◽  
Stable Strategy ◽  
Supervision System ◽  
System A ◽  
Low Efficiency ◽  
The Stability

In construction projects, improper quality behavior of a participant results in quality behavior risks, which can transmit to the downstream participants and may cause detrimental effects on the quality of the entity finally constructed. Controlling the transmission of quality behavior risks is the key to effectively supervising and ensuring the quality of construction projects. In this study, the effectiveness of the quality supervision system of construction projects in China was investigated by considering the transmission of quality behavior risks. A multi-player evolutionary game model consisting of the players of quality supervision of a government department, upstream participant (UP), and downstream participant (DP) was generated. By using the system dynamics theory, the game model was simulated to determine the stability of the evolutionary system and to evaluate the effectiveness of China’s current quality supervision system under different scenarios. The results showed that there is no evolutionary stable strategy (ESS) in the evolutionary system of the current quality supervision system in China and there are fluctuations in the evolution process. It revealed that high risk exists in the current quality supervision system in China. To resolve the problem of the low efficiency of the current Chinese supervision system, a dynamic penalty and incentive method is developed, which has been proven to be able to effectively control the quality behavior risks in construction projects and hence ensuring the quality of the entity finally constructed.

scholarly journals Evolutionary game analysis of Chinese cross border logistics enterprises adopting blockchain technology in supply chain

2021 ◽  
Vol 275 ◽  
pp. 03078
Author(s):  
KunYang Liu ◽  
Yong Zhang
Keyword(s):  
Supply Chain ◽  
Evolutionary Game ◽  
Game Model ◽  
Game Analysis ◽  
Technological Revolution ◽  
Cross Border ◽  
Technical Ability ◽  
Blockchain Technology ◽  
Logistics Enterprises ◽  
Mathematical Derivation

Blockchain technology is considered to be the representative technology of the fourth technological revolution, and logistics and supply chain field has been considered as the main application direction in the next step by industry and academia. In order to study the behavior and intention of Chinese cross-border logistics enterprises to introduce blockchain into internal supply chain, this paper constructs a model of cross-border logistics enterprises adopting blockchain technology on the basis of bounded rationality based on the game model, this paper attempts to find out the factors that affect the introduction of blockchain into the internal supply chain through mathematical derivation and numerical analysis. The game results show that the willingness of cross-border logistics enterprises to adopt blockchain is closely related to the technical ability of blockchain, the incremental performance after the introduction of blockchain, the conversion cost of blockchain technology, and other factors. Enterprises should coordinate various factors and choose to adopt blockchain technology according to their own situation.

Dynamic Research of Construction Safety with Building Materials

2012 ◽  
Vol 496 ◽  
pp. 339-342
Author(s):  
Lu Jia ◽  
Fei Fei Fu
Keyword(s):  
Policy Making ◽  
Building Materials ◽  
Evolutionary Game ◽  
Construction Safety ◽  
Game Model ◽  
Safety Regulation ◽  
Regulation Policy ◽  
Important Approach ◽  
Simulation Results ◽  
The Stability

Safety regulation is an important approach to secure the constructing process. A three-player regulation evolutionary game model is built, the stability analysis and simulation results show that evolutionary equilibrium (EE) does not exist, providing a convenient way for regulation policy making.

scholarly journals Evolutionary Game Analysis of Capital-Constrained Supplier’s and Manufacturer’s Financing Schemes

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-13
Author(s):  
Suyong Zhang ◽  
Panos. M. Pardalos ◽  
Xiaodan Jiang
Keyword(s):  
Financial Risk ◽  
Evolutionary Game ◽  
Interaction Mechanism ◽  
Game Model ◽  
Strategy Selection ◽  
Game Analysis ◽  
Purchase Order ◽  
Financing Strategy ◽  
Theoretical Results ◽  
Financing Schemes

Purchase order financing (POF) and buyer direct financing (BDF) are both innovative financing schemes aiming to help financial constrained suppliers secure financing for production. In this paper, we investigate the interaction mechanism between suppliers’ financing strategy selection and manufacturers’ loans offering strategy adoption under two innovative financing schemes. We developed an evolutionary game model to effectively investigate the interaction mechanism between suppliers and manufacturers and analyzed the evolutionary stable strategies of the game model. Then we used system dynamics to present the performance of the evolutionary game model and took a sensitivity analysis to verify the theoretical results. The main conclusions are as follows: in the supply chain, to deal with the noncooperation among suppliers and manufacturers on innovative financing schemes, the revenue of manufacturers, the rate of manufacturer loan, and the proper financial risk factor should be relatively high.

scholarly journals Subject Behavior of Collaborative Innovation in Civil-Military Integration: An Evolutionary Game Analysis

2021 ◽  
Vol 2021 ◽  
pp. 1-7
Author(s):  
Xiaodi Xu ◽  
Zilong Wang ◽  
Yongfeng Zhu ◽  
Xiaochun Luo
Keyword(s):  
Evolutionary Game ◽  
Absorption Capacity ◽  
Technology Spillover ◽  
Key Factors ◽  
Game Analysis ◽  
Collaborative Innovation ◽  
Punishment Mechanism ◽  
The Subject ◽  
The Difference ◽  
The Government

Based on the evolutionary game mode, this study constructs the evolutionary game model of collaborative innovation in civil-military integration considering the reward-punishment mechanism of the government. The subject behavior of core enterprises and noncore enterprises in the collaborative innovation of civil-military integration is investigated from a microperspective. The results suggest that the key factors influencing the enthusiasm of enterprises to participate in collaborative innovation are the level of technology spillover, technology absorption capacity, the share of excess benefits, the reward for active participation in collaborative innovation, and the punishment for passive participation. The game evolution result of the two parties will converge to (actively participate in collaborative innovation, actively participate in collaborative innovation) when the government rewards obtained by the party actively participating in collaborative innovation exceed the technology spillover loss and the excess benefits exceed the difference between the acquired technology spillover and the penalty for passive participation. These findings may provide a decision-making reference for the government to formulate the strategy of collaborative innovation in civil-military integration.

The Game Analysis for Financial Fraud Behavior of CPAs under the Shareholder Selecting Pattern

2014 ◽  
Vol 926-930 ◽  
pp. 4032-4036
Author(s):  
Ping Chen ◽  
Shuang Liang Tian
Keyword(s):  
Evolutionary Game ◽  
Developed Countries ◽  
Financial Fraud ◽  
Game Model ◽  
Game Analysis ◽  
Audit Independence

CPAs enjoy higher audit independence under the shareholders selecting pattern, which is widely used in developed countries. According to the characteristics of shareholders selecting pattern, as well as that of listing companies’ managers and CPAs, we established asymmetric evolutionary game model between managers and CPAs, and researched the paths and the mechanism which two players’ behavior evolved respectively. Based on this, we discussed the forming conditions of financial fraud.

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