The Three-Level Supply Chain Finance Collaboration under Blockchain: Income Sharing with Shapley Value Cooperative Game

Shuai Li and Shaojian Qu ()
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Shuai Li: School of Management Science and Engineering, Nanjing University of Information Science & Technology, Nanjing 210044, China
Shaojian Qu: School of Management Science and Engineering, Nanjing University of Information Science & Technology, Nanjing 210044, China

Sustainability, 2023, vol. 15, issue 6, 1-28

Abstract: With the gradual and widespread application of blockchain technology in the supply chain, its characteristics can help solve the financing problem of MSMEs. To this end, this paper constructs a cooperative game model for suppliers, manufacturers and retailers in the case of a cross-level guarantee of order-to-factoring, studies the pricing strategy of supply chain finance members based on blockchain technology by adopting the Stackelberg primary-secondary game method, and makes a reasonable allocation of total supply chain revenue with the help of the Shapley value of the cooperative game. The study found that the adoption of blockchain can be effective in increasing the benefits to supply chain members and systems. The adoption of blockchain increases the blockchain costs but decreases the financing costs for the supplier. The Shapley value of the cooperative game is used to distribute the benefits, allowing for Pareto improvements in the benefits to supply chain members. In the next step, we will focus on examining the impact of risk assessment and the degree of information disclosure on supply chain finance with blockchain technology.

Keywords: blockchain; supply chain finance; Shapley value; cooperation game (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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