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A multiagent collaborative development strategy for environmental pollution liability insurance based on an evolutionary game

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  • Yan Zhao
  • Ruyan Cheng

Abstract

To improve the problem of environmental pollution liability insurance, this paper constructs an evolutionary game model based on the government, insurance companies, and polluting enterprises. The findings indicate that in an imperfect market, penalty and subsidy mechanisms boost insurance rates. Reinsurance facilitates insurer underwriting, prompting gradual government withdrawal. Effective pricing mechanisms by insurance companies enhance environmental liability insurance operations amid evolving market mechanisms, offering theoretical guidance for addressing challenges in implementing such insurance.

Suggested Citation

  • Yan Zhao & Ruyan Cheng, 2024. "A multiagent collaborative development strategy for environmental pollution liability insurance based on an evolutionary game," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 45(4), pages 2443-2458, June.
    • Handle: RePEc:wly:mgtdec:v:45:y:2024:i:4:p:2443-2458
    DOI: 10.1002/mde.4146
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    References listed on IDEAS

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    1. Haitao Yin & Alex Pfaff & Howard Kunreuther, 2011. "Can Environmental Insurance Succeed Where Other Strategies Fail? The Case of Underground Storage Tanks," Risk Analysis, John Wiley & Sons, vol. 31(1), pages 12-24, January.
    2. Runze Yang & Ruigang Zhang, 2022. "Environmental Pollution Liability Insurance and Corporate Performance: Evidence from China in the Perspective of Green Development," IJERPH, MDPI, vol. 19(19), pages 1-18, September.
    3. Zhang, Suyong & Wang, Chuanxu & Yu, Chao, 2019. "The evolutionary game analysis and simulation with system dynamics of manufacturer's emissions abatement behavior under cap-and-trade regulation," Applied Mathematics and Computation, Elsevier, vol. 355(C), pages 343-355.
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    Cited by:

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    7. Song, Malin & Peng, Chong & Liu, Guanchun & Du, Anna Min & Boateng, Agyenim, 2025. "The impact of industrial land prices and regional strategical interactions on environmental pollution in China," International Review of Financial Analysis, Elsevier, vol. 98(C).
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    9. Yigang Wei & Yuanyuan Shao & Xiaoliang Yang & Keming Zheng & Lupeng Zhang, 2025. "Dynamic interplay in biomass fuel technological innovation: a tripartite evolutionary game analysis," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-15, December.
    10. Mao, Songsheng & Tang, Tingfeng & Yang, Gongyan, 2025. "Does digital transformation reduce China's corporate pollution emission intensity?," Finance Research Letters, Elsevier, vol. 78(C).
    11. Chuanjia Du & Chengjun Wang & Yangyang Yang, 2026. "Research on the Evolutionary Stability of Strategy Selection for Forest Ecological Benefit Compensation Standards," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 47(1), pages 223-243, January.
    12. Zhang, Zhenya & Chang, Zheren & Gan, Yufei & Li, Jiayan, 2025. "Renewable energy, innovation, and stock markets: Machine learning perspectives on environmental sustainability," International Review of Financial Analysis, Elsevier, vol. 97(C).
    13. Hu, Liang & Chen, Shishuo, 2025. "Ownership types and corporate environmental investment: Contingent effects of institutional and corporate factors," International Review of Financial Analysis, Elsevier, vol. 98(C).
    14. Liu, Yang & Zhang, Jintao & Zhu, Le, 2025. "Pay for air pollution: Ecological compensation policy and corporate investment," International Review of Financial Analysis, Elsevier, vol. 97(C).
    15. Liu, Zisen & Wang, Xin & Wang, Ying, 2024. "Air pollution and perk consumption," International Review of Financial Analysis, Elsevier, vol. 96(PB).
    16. Cheng, Han & Min, Changyi, 2025. "The mitigation effect of industrial robots on air pollution," International Review of Economics & Finance, Elsevier, vol. 99(C).

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