Education, Science, Technology, Innovation and Life
Open Access
Sign In

Research on Creative Trading Supervision Mechanism Based on Evolutionary Game Theory

Download as PDF

DOI: 10.23977/ferm.2023.060813 | Downloads: 8 | Views: 398

Author(s)

Xiao Hu 1, Zhenghua Deng 2

Affiliation(s)

1 School of Economics and Business Administration, Chongqing University of Posts and Telecommunications, Chongwen Road, Chongqing, China
2 School of Economics and Business Administration, Chongqing University of Education, Chongqing, China

Corresponding Author

Xiao Hu

ABSTRACT

Effective trading mechanism can promote the commercialization of creative ideas and the realization of creative value. Under the assumption of bounded rationality in creative transactions, this paper constructs an evolutionary game model between creative producers and consumers, and analyzes the influencing factors, strategy selection, and equilibrium conditions of creative transactions. The study found that in the case of only market mechanism, it is difficult for transaction parties to achieve cooperation. However, with the introduction of a third-party guarantee platform, the willingness of creative product producers to cooperate increased, and transaction parties may choose to choose cooperation, although the stability of such cooperation is weak. By incorporating government punishment and compensation mechanisms into the model, the willingness of creative product consumers to cooperate increased, resulting in the dynamic evolution system of creative product trading moving towards cooperation between transaction parties and ultimately reaching a stable state.

KEYWORDS

Creative trading, evolutionary game, supervision mechanism, compensation mechanism

CITE THIS PAPER

Xiao Hu, Zhenghua Deng, Research on Creative Trading Supervision Mechanism Based on Evolutionary Game Theory. Financial Engineering and Risk Management (2023) Vol. 6: 112-119. DOI: http://dx.doi.org/10.23977/ferm.2023.060813.

REFERENCES

[1] Chu, S. E. and Gao, C. C. (2018) Has Intellectual Property Protection Relaxed Financing Constraints of Cultural and Creative Enterprises? Collected Essays on Finance and Economics, 3(8), 50-57. 
[2] Chen, R. (2019) Report on the Development of China's Digital Creative Industry. Beijing: Social Science Academic Press. 
[3] Bilton, C. (2007) Management and creativity: from creative industries to creative management. Media international Australia incorporating culture&policy, 26 (3), 407-408. 
[4] Lin, J., Huang, Y. J., Liu, D. and He Y. Q. (2023) Research on the Construction of Digital Creative Industry Innovation Ecosystem. Science Technology and Industry, 23 (04), 15-20. 
[5] Caves, R. (2000) Creative industries: contracts between art and commerce. Cambridge: Harvard University Press. 
[6] Higson, C., Rivers, O. and Deboo, M. (2007) Creative financing. Business strategy review, 18 (4), 49-53. 
[7] Wu, B. B. (2017) Research on the Operating Mechanism of Business ecosystem of Creative Design Platform Enterprises. Journal of the National Academy of Art, 12, 110-116. 
[8] Dong, W. J. and Quan, X. J. (2015) Analysis and Construction of the Operation Mechanism of Creative Industrialization. Science & Technology Progress and Policy, 32 (03), 65-69. 
[9] Liu, J. and Yu, M. Y. (2018) On the Intellectual Property Market Supervision Mechanism against the Background of Supply-side Reform in High-tech Zones—Jiangsu Province as a Case in Point. Journal of Nanjing University of Science and Technology (Social Sciences Edition), 31 (02), 29-34. 
[10] Zhu, Y. J., Cao S. Y. and Meng X. F. (2017) A Study on the Impact of Government Subsidies on the Innovation Performance of Chinese Listed Cultural and Creative Enterprises. Journal of Tongji University (Social Science Section), 32 (05), 47-54. 
[11] Klein, L. R. (1998) Evaluating the potential of interactive media through a new lens: Search versus experience goods. Journal of Business Research, 41 (3), 195-203. 
[12] Shi, Q. C. and Tuo, X. N. (2015) Indirect Pricing and Market Organization Equilibrium Model of Creative Idea. Journal of Central University of Finance & Economics, 12, 100-106. 
[13] Li, J. B., Luo, X. M. and Shi W. Y. (2023) Research on the Quality Supervision Mechanism of Third-party E-commerce Platform under Information Asymmetry —Based on Two-sided Markets Theory. Journal of Systems & Management, 3, 1-16. 
[14] Gong, Z. W., Wu, Y. and Yu, W. F. (2021) Research on evolutionary game of intellectual property pledge financing cooperation mechanism—Taking cultural and creative enterprises as an example. Price Theory & Practice, 2 (5), 132-135.

Downloads: 20599
Visits: 375304

All published work is licensed under a Creative Commons Attribution 4.0 International License.

Copyright © 2016 - 2031 Clausius Scientific Press Inc. All Rights Reserved.