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Open AccessArticle

The Game Simulation of “The Belt and Road” Economic and Trade Network Based on the Asymmetric QRE Model

1
School of Maritime Economics and Management, Dalian Maritime University, Dalian 116026, China
2
School of Business, Anhui University of Technology, Ma’anshan 243032, China
3
Southampton Business School, University of Southampton, Southampton SO17 1BJ, UK
*
Author to whom correspondence should be addressed.
Sustainability 2019, 11(12), 3377; https://doi.org/10.3390/su11123377
Received: 16 May 2019 / Revised: 15 June 2019 / Accepted: 17 June 2019 / Published: 18 June 2019
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
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Abstract

This paper introduces the asymmetric Quantal Response Equilibria (QRE) network game model to explain the influencing factors on the cooperative behavior of "The Belt and Road" countries. The findings suggest that the belief in the sensitivity to own payoff and counterparts, the reward for cooperation by neighbor nodes, the trade facilitation index, and the reduction rate of tariffs were incorporated to have a significant impact on the Belt and Road cooperation. Our findings provide important policy references to the belt and road countries. View Full-Text
Keywords: “The Belt and Road”; economic and trade network; asymmetric QRE model; game simulation “The Belt and Road”; economic and trade network; asymmetric QRE model; game simulation
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Zhao, C.; Wang, Y.; Zhang, T.; Huang, Q.; Gong, Y. The Game Simulation of “The Belt and Road” Economic and Trade Network Based on the Asymmetric QRE Model. Sustainability 2019, 11, 3377.

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