Complexity analysis of a decision-making game concerning governments and heterogeneous agricultural enterprises with bounded rationality

Xuan Xi and Jixiang Zhang

Chaos, Solitons & Fractals, 2020, vol. 140, issue C

Abstract: Government subsidy intensity, nitrogen emission reductions, and pricing decisions in a Bertrand agricultural products supply chain system were investigated. This paper presents the results of a decision-making competition game model involving governments and heterogeneous agricultural enterprises based on bounded rationality. The impact of government on the emission reduction behavior of agricultural enterprises was evaluated. The study revealed that the speed of price adjustment and subsidy intensity may alter the system stability and lead to chaos, with the price adjustment speed having a more sensitive influence on the system than the subsidy intensity adjustment speed. In addition, certain parameters (pe and r0) affected the system stability, decision variables, and the profits made by government and agricultural enterprises. When the parameters became harmful to enterprises and governments, the system fell into chaos and the stable region increased in the direction of the subsidy intensity adjustment speed. Finally, the chaos in the agricultural supply chain was successfully controlled by the delayed feedback control method.

Keywords: Nitrogen emission reduction; Government subsidy intensity; Decision-making game; Bounded rationality; Chaos (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:chsofr:v:140:y:2020:i:c:s0960077920306160

DOI: 10.1016/j.chaos.2020.110220

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