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.

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