Regulatory Effect on Information Sharing of Industrial Internet Platforms Based on Three Differentiated Game Scenarios

Lihua Jiang (), Wei Chen (), Shichang Lu and Zhaoxiang Chen
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Lihua Jiang: School of Business Administration, Liaoning Technical University, Huludao 125105, China
Wei Chen: School of Business Administration, Liaoning Technical University, Huludao 125105, China
Shichang Lu: School of Business Administration, Liaoning Technical University, Huludao 125105, China
Zhaoxiang Chen: School of Management, Northwest Polytechnical University, Xi’an 710129, China

Sustainability, 2022, vol. 15, issue 1, 1-25

Abstract: This study constructs a regulatory system for information sharing on industrial internet platforms from a technical and socio-legal perspective. A differentiated game is used to construct decentralized, centralized, and cost-sharing contract decision-making scenarios to obtain the optimal level of efforts for information-sharing regulation. Through a comparative analysis, the optimal solutions under the three scenarios were derived. These solutions were then analyzed through numerical simulations using Matlab2016a. Our research demonstrates the following: (1) Centralized decision-making is most beneficial to the development of information-sharing regulatory systems. (2) Beyond a critical value for the local government cost subsidy coefficients, changes in these coefficients have a more pronounced effect on improving the economic efficiency of the regulatory system, and vice versa. That is, when the cost subsidy coefficient is higher than 1/2, increasing the cost subsidy coefficient has a more pronounced effect on improving the economic efficiency of the information-sharing regulatory system. (3) In all scenarios, an increase in the regulatory effort can effectively enhance the reputation of the information-sharing regulatory system. This study further extends the research on information-sharing regulations and provides a practical guide to industrial internet platforms.

Keywords: industrial internet platforms; information-sharing regulation; government participation; differentiated game; decision-making scenarios; regulatory system (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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