Dynamic supervision of counterfeit products based on blockchain technology: A differential game on goodwill accumulation.

ABSTRACT: Counterfeiting is a serious problem in many industries, and the annual profit and tax losses caused by counterfeit products in China have reached over 60 billion yuan. The focus of this paper is to study the effect of blockchain technology in terms of supervising counterfeit products as well as product quality and service decisions under blockchain from a dynamic optimization perspective. We consider the role of blockchain when disclosing product quality information and develop a dynamic optimization model before and after blockchain adoption using differential game theory. Meanwhile, we solve the model using the Hamilton-Jacobi-Bellman (HJB) equation and backward induction and conduct parametric, comparative, and numerical analyses of the equilibrium solutions. The main findings are as fo

SUBMITTER: Sun Z 

PROVIDER: S-EPMC10593246 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature