Trade strategy with the countries along the Ice Silk Road: a Rabin model-based perspective

Since the Ice Silk Road (ISR) was put forward, its development prospect has become the focus of academic circles. To study the influence mechanism of 'fairness preference' on the trade cooperation of countries along the ISR, this paper constructs the trade cooperation network based on the...

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Bibliographic Details
Published in:Maritime policy and management 2024-08, Vol.51 (6), p.995-1012
Main Authors: Liu, Tianshou, Ding, Chaojun, Feng, Hongxiang, Yang, Zhongzhen, Grifoll, Manel, Lin, Qin
Format: Article
Language:English
Subjects:
Cooperation
Fairness
Game theory
Ice Silk Road
International cooperation
International trade
network game
Networks
Public opinion
Rabin model
Roads
Roads & highways
Strategy
Teeth
trade network
trade strategy
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Summary:Since the Ice Silk Road (ISR) was put forward, its development prospect has become the focus of academic circles. To study the influence mechanism of 'fairness preference' on the trade cooperation of countries along the ISR, this paper constructs the trade cooperation network based on the bilateral trade data of countries along the ISR, establishes the theoretical model of network game based on Rabin model, and uses the simulation method to test the model. The results show that: (1) the sense of national cognitive fairness does have an impact on the trade cooperation of the ISR; (2) the 'eye for an eye, tooth for a tooth' strategy is not an advantage strategy in the trade cooperation of the ISR; (3) the most significant factor affecting the trade cooperation of countries along the ISR is the neighbor node in the trade network and the social public opinion pressure of cooperation in the network.
ISSN:0308-8839
1464-5254
DOI:10.1080/03088839.2024.2324144