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ORIGINAL RESEARCH
Tripartite Evolutionary Game Analysis
of Fishery Carbon Sink Trading in
China Based on Prospect Theory
1
Key Laboratory of Ocean Energy Utilization and Energy Conservation of Ministry of Education,
Dalian University of Technology, Dalian 116024, China
2
School of Economics and Management, Dalian University of Technology, Dalian 116024, China
3
Institute of Carbon Peak and Neutrality, Dalian University of Technology, Dalian 116024, China
4
Dalian Customs Comprehensive Technical Service Center, Dalian 116699, China
Submission date: 2023-09-07
Final revision date: 2023-12-10
Acceptance date: 2024-01-20
Online publication date: 2024-07-30
Publication date: 2025-01-02
Corresponding author
Hongye Wang
School of Economics and Management, Dalian University of Technology, Dalian 116024, China
School of Economics and Management, Dalian University of Technology, Dalian 116024, China
Pol. J. Environ. Stud. 2025;34(1):245-261
KEYWORDS
fishery carbon sink tradingtripartite evolutionary game modelprospect theorymarket participation enthusiasm
TOPICS
ABSTRACT
The development of fishery carbon sink trading is an important starting point to help China
achieve its carbon dioxide emission reduction targets and an inherent requirement for sustainable
economic development. However, China’s fishery carbon sink trading market is not yet mature, and the
influences of multiple factors have blunted stakeholders’ enthusiasm for market participation. Therefore,
it is important to determine the influencing mechanisms of stakeholders’ participation in the fishery
carbon sink trading market. In this context, to clarify the factors that affect the enthusiasm of
participants, this study establishes a tripartite evolutionary game model of fishery carbon sink trading
stakeholders based on the prospect theory. The dynamic evolution trends of the game subjects’ strategies
are studied, and the effects of unit fishery carbon sink price, government subsidy ratio, psychological
effects of the game subjects, and other factors are discussed. With the development of the fishery carbon
sink trading market, the development stages can be divided into initial, medium, and mature stages,
and the game players choose different strategies at different stages. Different factors affect the choices
of the three parties. When psychological factors involve uncertain gains and losses, they are also
important in influencing decision-makers’ decisions.
CONFLICT OF INTEREST
The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.
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