The Industrial Decision Analysis of Regional Coordinated Development Considering Information Distribution and Fairness Preference

Linwei Pan, Xueyu Liao, Rui Li and Shuangping Cao ()
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Linwei Pan: School of Economics and Management, Chongqing Jiaotong University, Chongqing 400074, China
Xueyu Liao: School of Economics and Management, Chongqing Jiaotong University, Chongqing 400074, China
Rui Li: School of Management Science and Real Estate, Chongqing University, Chongqing 400044, China
Shuangping Cao: Architecture and Engineering Institute, Chongqing College of Architecture and Technology, Chongqing 401331, China

Sustainability, 2023, vol. 15, issue 22, 1-20

Abstract: Regional industry synergistic planning contributes to the achievement of Goal 11 of the United Nations’ Sustainable Development Goals. The reasonable layout of regional industries is an important measure for achieving sustainable development through distinguishing between different industries. Taking into account the competitive and cooperative relationships between regional cities, this study created a Stackelberg model considering information distribution and fairness preferences. It analyzed the industrial selection strategies and influencing factors under the requirements of output maximization and profit maximization between regions. The model discussions and numerical simulation results showed that regional industrial planning and adjustment should consider both internal and external behavioral factors. The impact of information distribution and fairness preferences on the selection of heterogeneous and homogeneous industries varies. Differentiated industrial selection should be conducted based on output maximization or profit maximization. Furthermore, following cities should take the initiative to integrate into the industrial development plans of nearby large cities, and leading cities should effectively layout and optimize regional productivity. Both industrial planning and choice require the establishment of regional coordination mechanisms. By enhancing the level of mutual trust and reciprocity among cities, reducing information asymmetry, and guiding fairness preferences, regional industrial synergy is promoted, and conditions are created for sustainable industrial development.

Keywords: coordinated regional development; industry planning; industry choosing; information distribution; fairness preference; Stackelberg model (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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