The instability of globalization: applying evolutionary game theory to global trade cooperation

Krapohl, Sebastian; Ocelík, Václav; Walentek, Dawid

doi:10.1007/s11127-020-00799-1

Cited by 12 publications

(6 citation statements)

References 71 publications

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“…Evolutionary games can be understood as repeated games through random pairings between groups by employing the dynamic mechanism of replication to continuously optimize strategies and finally reach the evolutionary stable state of the system [17], [18]. In recent years, applied research on evolutionary game theory has developed, involving environmental resource protection [19], [20], financial and trade development [21], [22], transportation management [23], [24], and public administrative supervision [25], [26]. Because the research of this paper is about the logistics industry and regulatory measures, the analysis of evolutionary game research in these two aspects is the focus.…”

Section: Literature Reviewmentioning

confidence: 99%

The Influence Mechanism of a Self-Governing Organization in the Logistics Industry Based on the Tripartite Evolutionary Game Model

Zhang

Yuan

et al. 2023

IEEE Access

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As a bridge of cooperation between enterprises and the government, the logistics association fully promotes logistics management and improves resource allocation. However, because China's logistics association is still in its initial stage, it is difficult for it to effectively unite the government and enterprises to solve the market monopoly, the incomplete system, and other problems. An evolutionary game model among the government, associations, and enterprises is constructed in order to develop a sustainable governance mechanism for the logistics industry to realize cooperative supervision and healthy competition among relevant participants. Based on the bounded rationality and expected payoff of the participants, the main determinants of the optimal strategy are analyzed, and the evolution path and equilibrium state of the three game groups are studied by numerical simulation. The results show that strengthening the independence of the association, increasing the government's reward to the association, and highlighting the positive social effects of industry independence are important factors for the healthy development of the logistics industry. In addition, the association must play its role in submission, distribution, and communication with the government and enterprises, constantly strengthen its own construction, improve industry standards, and create a favorable market environment for logistics enterprises.

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Section: Literature Reviewmentioning

confidence: 99%

The Influence Mechanism of a Self-Governing Organization in the Logistics Industry Based on the Tripartite Evolutionary Game Model

Zhang

Yuan

et al. 2023

IEEE Access

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“…One of the fundamental tenets of game theory is that all participants act rationally and want to maximize their rewards. A fundamental idea in traditional economics is the presumption of rationality, which standardizes and simplifies decision-making (Krapohl et al, 2021). The assumption of rational behavior is not always warranted as it emphasizes that individuals solely focus on their own interests in making decisions without taking into account the interests of society and their benevolence.…”

Section: Literature Reviewmentioning

confidence: 99%

Islamic Game Theory approach for overcoming base erosion and profit shifting challenges for the Organization of Islamic Cooperation

Katterbauer,

Syed,

Cleenewerck

2023

J. Islam. bus. manag.

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Purpose: This paper aims to demonstrate a framework for addressing base erosion and profit-shifting challenges in the Organization of Islamic countries Design/methodology/approach: The paper is based on inferential deductive research and a game theory approach. Findings: The paper suggests new strategies for overcoming the challenges of base erosion and profit shifting while strengthening adherence to Islamic law. Research limitations/implications: The research is limited to publicly available data and estimates for the game theory approach. This may represent a limit given the potential lack of more detailed and recorded data. Practical implications: The framework may significantly assist in shaping multilateral agreements on taxation. Social implications: The framework would lead to fairer taxation and stronger support of the society. Originality/value: This paper demonstrates a new framework addressing the challenges of base erosion and profit shifting

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“…Pan et al [52] innovatively expounded the process of cultural transmission, adaptation, maintenance, and change based on evolutionary game theory. Krapohl et al [53] analyzed the stability of international trade cooperation by using evolutionary game theory. Dong and Yan [54] constructed an evolutionary game matrix about working overtime from the perspective of information asymmetry.…”

Section: Theoretical Basismentioning

confidence: 99%

Evolutionary Game Analysis between Local Government and Enterprises on Bridge Employment from the Perspective of Dynamic Incentive and Punishment

Dong

Yan

Yang

2022

Systems

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The popularization of bridge employment is conducive to the realization of active aging, which requires not only the subjective initiative of retirees but also the active cooperation of local governments and relevant enterprises. This study combined evolutionary game theory with system dynamics to model and simulate the behavior of local government and enterprises on bridge employment, aiming to highlight the importance of government behavior and enterprise actions in the process of active aging and to analyze the effectiveness of different incentive and punishment mechanisms in promoting bridge employment. Results show that the system with dynamic incentive and punishment is easier to keep stable than the system with static incentive and punishment; specifically, the dynamic mechanism with low incentive intensity and high punishment intensity is better than other mechanisms. Finally, this study emphasized the importance of government policy to bridge employment and put forward relevant management implications.

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The instability of globalization: applying evolutionary game theory to global trade cooperation

Cited by 12 publications

References 71 publications

The Influence Mechanism of a Self-Governing Organization in the Logistics Industry Based on the Tripartite Evolutionary Game Model

The Influence Mechanism of a Self-Governing Organization in the Logistics Industry Based on the Tripartite Evolutionary Game Model

Islamic Game Theory approach for overcoming base erosion and profit shifting challenges for the Organization of Islamic Cooperation

Evolutionary Game Analysis between Local Government and Enterprises on Bridge Employment from the Perspective of Dynamic Incentive and Punishment

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