Enhancing data sharing in maritime blockchain platforms: An incentive mechanism based on principal-agent model

Hanyin Zheng, Kevin X. Li, Adolf K.Y. Ng, Yang Liu, Mengjie Jin, Zhuo Chen and Yi Xiao

Transportation Research Part E: Logistics and Transportation Review, 2025, vol. 199, issue C

Abstract: With the development of new technologies, blockchain-based digital maritime trade platforms have been developed to enhance interaction efficiency by involving participants in the platforms and encouraging them to share their related business data. However, it is challenging for platform enterprises to popularize their platforms and encourage participants involved with their platforms to share data. To promote data sharing, this study designs an incentive mechanism to maximize participants’ willingness to share data based on a principal-agent model. The main findings are as follows. First, optimal incentive strategy depends on interactions among factors including the sensitivity of platform’s total output to incentive subsidies, exogenous risks, platform enterprises’ risk aversion, participants’ data volumes, effort costs, and concerns over negative externalities. Second, utilities of platform enterprises and participants intersect at a unique equilibrium where optimal incentive subsidies and optimal effort coexist. Third, policy implications for platform enterprises in the maritime logistics industry are provided.

Keywords: Data sharing; Digital platform; Incentive mechanism; Game theory; Maritime blockchain platform (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1366554525001942
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:transe:v:199:y:2025:i:c:s1366554525001942

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/600244/bibliographic
http://www.elsevier. ... 600244/bibliographic

DOI: 10.1016/j.tre.2025.104153

Access Statistics for this article

Transportation Research Part E: Logistics and Transportation Review is currently edited by W. Talley

More articles in Transportation Research Part E: Logistics and Transportation Review from Elsevier
Bibliographic data for series maintained by Catherine Liu ().