Evolutionary analysis of green credit and automobile enterprises under the mechanism of dynamic reward and punishment based on government regulation

To explore the green development of automobile enterprises and promote the achievement of the“dual carbon”target,based on the bounded rationality assumptions,this study constructed a tripartite evolutionary game model of gov-ernment,commercial banks,and automobile enterprises;introduced a dynamic reward and punishment mechanism;and analyzed the development process of the three parties’strategic behavior under the static and dynamic reward and punish-ment mechanism.Vensim PLE was used for numerical simulation analysis.Our results indicate that the system could not reach a stable state under the static reward and punishment mechanism.A dynamic reward and punishment mechanism can effectively improve the system stability and better fit real situations.Under the dynamic reward and punishment mechan-ism,an increase in the initial probabilities of the three parties can promote the system stability,and the government can im-plement effective supervision by adjusting the upper limit of the reward and punishment intensity.Finally,the implementa-tion of green credit by commercial banks plays a significant role in promoting the green development of automobile enter-prises.

Behaviours of Multi-Stakeholders under China’s Renewable Portfolio Standards:A Game Theory-Based Analysis

China has implemented both quantitative and policy incentives for renewable energy development since 2019 and is currently in the policy transition stage.The implementation of renewable portfolio standards(RPSs)is difficult due to the interests of multiple stakeholders,including power generation enterprises,power grid companies,power users,local governments,and the central government.Based on China’s RPS policy and power system reform documents,this research sorted out the core game decision problems of China’s renewable energy industry and established a conceptual game decision model of the renewable energy industry from the perspective of local governments,power generation enterprises and power grid companies.The results reveal that for local governments,the probability of meeting the earnings quota or punishments for not reaching quota completion are the major determinants for active participation in quota supervision.For power grid firms,the willingness to accept renewable electricity quotas depends on the additional cost of receiving renewable electricity and governmental incentives.It is reasonable,from the theoretical perspective,to implement the RPS policy on the power generation side.Electricity reform will help clarify the electricity price system and increase the transparency of the quota implementation process.Policy implications are suggested to achieve sustainable development of the renewable energy industry from price incentives and quantity delivery.