How Should Oil Companies and New Energy Companies Compete and Cooperate in the Context of Carbon Neutralization? A Strategy Analysis Approach Based on Cooperative Game Theory

Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v3i2.785

Xi Yang

China University of Petroleum-Beijing, Beijing 102249, China

Abstract

The promulgation of "carbon neutrality" target has brought new impetus to the development of new energy enterprises, and also brought challenges to the development of traditional oil enterprises. The analysis of competition and cooperation between new energy enterprises and petroleum enterprises is of great significance to the optimization of energy structure. Based on this motivation, this paper establishes a game model to analyze the development strategy decision of oil enterprises and new energy industry, and constructs a cooperation–competition game model for new energy enterprises and oil enterprises under the government premise of supporting the development of new energy products. According to dynamics analysis of model parameters, the stability conditions of equilibrium points are obtained. Based on the analysis of evolutionary stable states, it is concluded that oil enterprises and new energy enterprises should chose the development strategy of cooperating with each other under the effect of "carbon neutrality" target.

Keywords

carbon neutral, petroleum enterprises, competition and cooperation, game theory

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