Abstract

The game theory was utilized and one-stage game model and repeated game model were constructed. The models' results show that powered by the economy benefit, the supplier will supply non-green raw material in one-stage game. As a result, the low efficient equilibrium is realized. In order to improve the efficiency of equilibrium, it is feasible to transfer one-stage game into repeated games. The long-term economy benefit will restrict the supplier's opportunistic behavior in repeated games. As long as the discount factor can satisfy some condition, the supplier will conform its promise to supply green raw material, and the win-win of economy and environment protection will be realized.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.