RDEU hawk-dove game analysis of the China-Australia iron ore trade conflict

Li, Wenlong; Huang, Shupei; Qi, Yabin; An, Haizhong

doi:10.1016/j.resourpol.2022.102643

Cited by 12 publications

(4 citation statements)

References 21 publications

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“…Among the studies conducted by various researchers on China-Australia bilateral trade and changes in China-Australia trade patterns, most of them focus on a particular category of crucial products in China-Australia bilateral trade, such as iron ore [66], energy [67], or agricultural products [40], with less analysis of the overall characteristics of bilateral trade, making it difficult to reveal the patterns of China-Australia bilateral trade from a global perspective (as this study does). In terms of the changing trade patterns between China and Australia, compared to the outlook on the bright future of trade relations between the two countries at the beginning of this century, many scholars have pointed out the tension and degradation of bilateral trade between China and Australia in recent years, with the Sino-US trade war and the tension between China and Australia.…”

Section: Comparison and Outlookmentioning

confidence: 99%

“…They have continued to deteriorate since then, reaching a shallow trough from which it seems difficult to escape. Li et al [66] analysed the iron ore trade conflict…”

Section: Comparison and Outlookmentioning

confidence: 99%

“…They have continued to deteriorate since then, reaching a shallow trough from which it seems difficult to escape. Li et al [66] analysed the iron ore trade conflict between Chinese and Australian firms through a hierarchical dependence expected utility theory model and an asymmetric hawk-dove game, concluding that Australian firms with higher revenues in bilateral trade have a higher probability of resorting to extreme confrontation. The study concluded that pessimism has a more significant impact on the strategic choices of Chinese and Australian firms.…”

Section: Comparison and Outlookmentioning

confidence: 99%

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Using the DTFM Method to Analyse the Degradation Process of Bilateral Trade Relations between China and Australia

Han

Ren

et al. 2023

Sustainability

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Quantitative assessment and visual analysis of the multidimensional features of international bilateral product trade are crucial for global trade research. However, current methods face poor salience and expression issues when analysing the characteristics of China—Australia bilateral trade from 1998 to 2019. To address this, we propose a new perspective that involves period division, feature extraction, construction of product space, and spatiotemporal analysis by selecting the display competitive advantage index using the digital trade feature map (DTFM) method. Our results reveal that the distribution of product importance in China—Australia bilateral trade is heavy-tailed, and that the number of essential products has decreased by 68% over time. The proportion of products in which China dominates increased from 71% to 77%. Furthermore, Australia consistently maintains dominance in the most crucial development in trade, and the supremacy of the head product is becoming stronger. Based on these findings, the stability of bilateral trade between Australia and China is declining, and the pattern of polarisation in the importance of traded products is worsening. This paper proposes a novel method for studying Sino—Australian trade support. The analytical approach presented can be extended to analyse the features of bilateral trade between other countries.

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Section: Comparison and Outlookmentioning

confidence: 99%

“…They have continued to deteriorate since then, reaching a shallow trough from which it seems difficult to escape. Li et al [66] analysed the iron ore trade conflict…”

Section: Comparison and Outlookmentioning

confidence: 99%

Section: Comparison and Outlookmentioning

confidence: 99%

See 1 more Smart Citation

Using the DTFM Method to Analyse the Degradation Process of Bilateral Trade Relations between China and Australia

Han

Ren

et al. 2023

Sustainability

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“…Rank Dependent Expected Utility (RDEU) theory takes into account the influence of participants' emotions on decision-making behavior and incorporates subjective emotional indicators into the modeling process, which makes up for the deficiency of traditional game theory that does not take enough account of realistic emotions 25 . Regarding this theoretical approach, existing studies have focused on wastewater treatment 26 , energy structure transformation 27 , manufacturing resource sharing 28 , and trade conflicts 29 , but there is limited research on how emotional factors affect new energy battery recycling.…”

Section: Introductionmentioning

confidence: 99%

New energy vehicle battery recycling strategy considering carbon emotion from a closed-loop supply chain perspective

Guo,

He,

Tian

et al. 2024

Sci Rep

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The negative impact of used batteries of new energy vehicles on the environment has attracted global attention, and how to effectively deal with used batteries of new energy vehicles has become a hot issue. This paper combines the rank-dependent expected utility with the evolutionary game theory, constructs an evolutionary game model based on the interaction mechanism between decision makers' emotions and decision making, and studies the recycling strategy of new energy automobile trams under the heterogeneous combination of emotions. The study shows that: (1) In addition to the establishment of effective external norms, the subjective preference of decision makers can also positively affect the recycling strategy of new energy vehicle batteries. (2) Fairness preferences can have a significant nonlinear effect on new energy vehicle battery recycling strategies by changing the utility function of decision makers. (3) When new energy vehicle manufacturers remain optimistic and new energy vehicle demanders remain rational or pessimistic, the new energy vehicle battery recycling strategy can reach the optimal steady state.

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A Study on the Privatization Decisions of China Concepts Stock Based on the Tax Shield Effect

Hu,

Zhao,

2023

J. Syst. Sci. Syst. Eng.

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RDEU hawk-dove game analysis of the China-Australia iron ore trade conflict

Cited by 12 publications

References 21 publications

Using the DTFM Method to Analyse the Degradation Process of Bilateral Trade Relations between China and Australia

Using the DTFM Method to Analyse the Degradation Process of Bilateral Trade Relations between China and Australia

New energy vehicle battery recycling strategy considering carbon emotion from a closed-loop supply chain perspective

A Study on the Privatization Decisions of China Concepts Stock Based on the Tax Shield Effect

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