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.

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.

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 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.

scholarly journals Study on Stochastic Differential Game Model in Network Attack and Defense

2020 ◽  
Vol 2020 ◽  
pp. 1-15
Author(s):  
Xiaotong Xu ◽  
Gaocai Wang ◽  
Jintian Hu ◽  
Yuting Lu
Keyword(s):  
Differential Equation ◽  
Stochastic Differential Equation ◽  
Evolutionary Game ◽  
Markov Property ◽  
Game Model ◽  
Strategy Selection ◽  
Network Attack ◽  
Disturbance Factor ◽  
Attack And Defense ◽  
Selection Of

In recent years, evolutionary game theory has been gradually applied to analyze and predict network attack and defense for maintaining cybersecurity. The traditional deterministic game model cannot accurately describe the process of actual network attack and defense due to changing in the set of attack-defense strategies and external factors (such as the operating environment of the system). In this paper, we construct a stochastic evolutionary game model by the stochastic differential equation with Markov property. The evolutionary equilibrium solution of the model is found and the stability of the model is proved according to the knowledge of the stochastic differential equation. And we apply the explicit Euler numerical method to analyze the evolution of the strategy selection of the players for different problem situations. The simulation results show that the stochastic evolutionary game model proposed in this paper can get a steady state and obtain the optimal defense strategy under the action of the stochastic disturbance factor. In addition, compared with other kinds of literature, we can conclude that the return on security investment of this model is better, and the strategy selection of the attackers and defenders in our model is more suitable for actual network attack and defense.

The sustainable development of university student loans based on the evolutionary game

2020 ◽  
Vol 22 (1) ◽  
pp. 59-76
Author(s):  
Yan Zhang ◽  
Xiaoqiong You ◽  
Wenke Wang ◽  
Ting Lin
Keyword(s):  
Sustainable Development ◽  
Student Loans ◽  
Evolutionarily Stable Strategy ◽  
Evolutionary Game ◽  
Interaction Mechanism ◽  
University Student ◽  
Content Type ◽  
The Sustainable Development ◽  
Game Analysis ◽  
Impacting Factors

Purpose National student loans help solve the problem of tuition fees for students from poor families to a great extent. This paper aims to study the behavior of three main players involved in university student loans, namely, universities, banks and students and explores necessary conditions for promoting the steady development of student loans, as well as the sustainability of cooperation and coordination among players, thus promoting the further development of student loans. Design/methodology/approach First, from the perspectives of the three related players of banks, students and universities and their behavior, this paper establishes a three-player behavioral evolutionary game model, conducts a sustainable game analysis among the different players, and by replicating the dynamic equations with the Jacobian matrix solve the evolutionarily stable strategy. Finally, applying MATLAB tools, a sensitivity analysis of relevant impacting factors is carried out to explore the influencing mechanism of the sustainable development of student loans. Findings To achieve the mechanism of mutual coordination and cooperation between participants, banks need to be guided to actively issue student loans and conduct strict loan review. College students should be encouraged to establish good credit and strengthen penalties should be implemented for violations of regulations. Universities should be encouraged to help banks reduce information asymmetry, promote financial knowledge and student integrity education and promote the sustainable development of national student loans. Originality/value This research will help scholars better understand the interaction mechanism among universities, banks and students, and promote the sustainable development of national student loans.

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.

The Application of MATLAB Simulation Technology on Evolutionary Game Analysis

2014 ◽  
Vol 687-691 ◽  
pp. 1619-1621 ◽  
Author(s):  
Qi Te Zhu ◽  
Cheng Hao Liu
Keyword(s):  
Evolutionary Game ◽  
The United States ◽  
Simulation Software ◽  
Game Model ◽  
Engineering Analysis ◽  
Matlab Simulation ◽  
Simulation Technology ◽  
Game Analysis ◽  
Analysis And Design ◽  
Logistics Enterprises

System simulation software MATLAB is developed by the United States Mays Walker Corporation (Mathwork) for the study of engineering analysis and design process. On the basis of discussion on MATLAB simulation software, this paper introduces the evolutionary game model, and take the evolutionary game model between logistics enterprises and SMEs as an example , Showing the application of MATLAB simulation technology on evolutionary game.

scholarly journals The Evolutionary Equilibrium of Block Withholding Attack

2021 ◽  
Vol 9 (3) ◽  
pp. 266-279
Author(s):  
Yukun Cheng ◽  
Zhiqi Xu ◽  
Shuangliang Yao
Keyword(s):  
Evolutionary Game ◽  
Dynamic Equations ◽  
Game Model ◽  
Replicator Dynamic ◽  
The World ◽  
Stable Solutions ◽  
Simulation Results ◽  
The Impact ◽  
Theoretical Results ◽  
Selection Of

Abstract Bitcoin is the most famous and the most used cryptocurrency in the world, such that it has received extreme popularity in recent years. However the Bitcoin system is accompanied by different attacks, including the block withholding (BWH) attack. When a miner plays the BWH attack, it will withhold all the blocks newly discovered in the attack pool, damaging the honest miners’ right to obtain the fair reward. In this paper, we consider a setting in which two miners may honestly mine or perform the BWH attack in a mining pool. Different strategy profiles will bring different payoffs, in addition influence the selection of the strategies. Therefore, we establish an evolutionary game model to study the behavior tendency of the miners and the evolutionary stable strategies under different conditions, by formulating the replicator dynamic equations. Through numerical simulations, we further verify the theoretical results on evolutionary stable solutions and discuss the impact of the factors on miners’ strategic choice. Based on these simulation results, we also make some recommendations for the manager and the miners to mitigate the BWH attack and to promote the cooperation between miners in a mining pool.

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