The Game Model of Blue Carbon Collaboration along MSR—From the Regret Theory Perspective

Changping Zhao, Maliyamu Sadula, Xiangmeng Huang, Yali Yang, Yu Gong and Shuai Yang
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Changping Zhao: Business School, Changshu Institute of Technology, Suzhou 215506, China
Maliyamu Sadula: School of Economics and Management, Shihezi University, Shihezi 832002, China
Xiangmeng Huang: Business School, Changshu Institute of Technology, Suzhou 215506, China
Yali Yang: School of Economic and Management, Southeast University, Nanjing 211189, China
Yu Gong: Business School, University of Southampton, Southampton SO17 1BJ, UK
Shuai Yang: Business School, Changshu Institute of Technology, Suzhou 215506, China

Mathematics, 2022, vol. 10, issue 6, 1-15

Abstract: Ocean pollution and global warming are two pressing environmental problems exacerbated by human economic behavior. Building a blue carbon cooperation platform along the Maritime Silk Road (MSR) to promote sustainable development of countries along the route is of practical value to solving these two problems. Based on the analysis and review of the latest research on blue carbon, cooperative game and MSR, Weber’s law and regret theory are introduced to establish an economic model of blue carbon international cooperation, which proves the economic feasibility of blue carbon cooperation along MSR. The influence of psychological factors on the decision making of blue carbon international cooperation is also discussed. In addition, the measures to promote international cooperation are also discussed according to the current situation of marine blue carbon resources.

Keywords: blue carbon; Maritime Silk Road; regret theory; cooperation game (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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