ArticleInternational journal of environmental research and public health2018
Evolutionary Game Theoretic Analysis of Low Carbon Investment in Supply Chains under Governmental Subsidies.
Article in International journal of environmental research and public health, 2018. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 7 papers.
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Who cites it
7 citing papers in PubMed.
- The impact of government subsidy and weather on environmentally sustainable investment decision for agricultural supply chain.PloS one · 2023Article
- Optimal Carbon Abatement Strategy for Manufacturers under Cap-and-Trade.International journal of environmental research and public health · 2022Article
- China's Jinshan Yinshan sustainability evolutionary game equilibrium research under government and enterprises resource constraint dilemma.Environmental science and pollution research international · 2022Article
- Research on Carbon Emissions Reduction Strategy Considering Government Subsidy and Free Riding Behavior.Environmental engineering science · 2022Article
- Emissions reduction and pricing of supply chain under cap-and-trade and subsidy mechanisms.PloS one · 2022Article
- Implementation of a Multi-Agent Carbon Emission Reduction Strategy under the Chinese Dual Governance System: An Evolutionary Game Theoretical Approach.International journal of environmental research and public health · 2020Article
- Factors Influencing Private Hospitals' Participation in the Innovation of Biomedical Engineering Industry: A Perspective of Evolutionary Game Theory.International journal of environmental research and public health · 2020Article
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3 authors.
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Abstract
With the rapid development of global industry and economy, excessive carbon dioxide emission has emerged as a critical issue in both developed and developing countries. Using an evolutionary game framework in which game players can adjust their strategies constantly, this paper investigates how to optimize the strategy of low carbon investment for suppliers and manufacturers in supply chains, and discuss the impacts of various factors on evolutionarily stable strategies. Additionally, we examine an incentive mechanism based on governmental subsidies to eliminate free riding and motivate co-investment. Furthermore, a case study and numerical examples are provided for illustration and simulation purposes, leading to several countermeasures and suggestions. Our analytical results show that the strategic choice of low carbon investment is correlated with profit growth coefficients, investment costs and profits from free riding. Investment costs have more significant impacts than other factors on evolutionarily stable strategies, while profit growth coefficients are more important at initial stages in the evolutionary process. The incentive mechanism based on governmental subsidies is an effective solution to motivate co-investment, and governments should take some measures to improve the assess accuracy and supervisory efficiency of investment strategy.
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