Research on Trading Friction between China and the US from Game Theory Perspective
Open Access
- 1 January 2020
- journal article
- Published by Scientific Research Publishing, Inc. in American Journal of Industrial and Business Management
- Vol. 10 (01), 19-29
- https://doi.org/10.4236/ajibm.2020.101002
Abstract
Since the development of free trade theory, global economy has developed extremely rapidly. However, protectionism has played a negative role in free trade. It is widely known that the trade friction between China and the US has attracted attention by the whole world and the result may influence the global economy. This paper will analyze the trade friction from game theory, how China and the US can gain optimal payoff and which kind of strategy will be used by China and the US.Keywords
This publication has 1 reference indexed in Scilit:
- Research on Issues of Budget Performance Management on the Process of Budgeting by Game TheoryJournal of Financial Risk Management, 2019