The Game Simulation of “The Belt and Road” Economic and Trade Network Based on the Asymmetric QRE Model

Changping Zhao, Yecheng Wang, Tianxiang Zhang, Qingbo Huang and Yu Gong
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Changping Zhao: School of Maritime Economics and Management, Dalian Maritime University, Dalian 116026, China
Yecheng Wang: School of Maritime Economics and Management, Dalian Maritime University, Dalian 116026, China
Tianxiang Zhang: School of Business, Anhui University of Technology, Ma’anshan 243032, China
Qingbo Huang: School of Maritime Economics and Management, Dalian Maritime University, Dalian 116026, China
Yu Gong: Southampton Business School, University of Southampton, Southampton SO17 1BJ, UK

Sustainability, 2019, vol. 11, issue 12, 1-17

Abstract: This paper introduces the asymmetric Quantal Response Equilibria (QRE) network game model to explain the influencing factors on the cooperative behavior of "The Belt and Road" countries. The findings suggest that the belief in the sensitivity to own payoff and counterparts, the reward for cooperation by neighbor nodes, the trade facilitation index, and the reduction rate of tariffs were incorporated to have a significant impact on the Belt and Road cooperation. Our findings provide important policy references to the belt and road countries.

Keywords: “The Belt and Road”; economic and trade network; asymmetric QRE model; game simulation (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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