{"title":"The performance of cooperation strategies for enhancing the efficiency of international oil trade networks","authors":"Na Wei;Wen-Jie Xie;Wei-Xing Zhou;Naoki Masuda","doi":"10.1093/comnet/cnab053","DOIUrl":null,"url":null,"abstract":"The efficiency of the international oil trade networks (iOTNs) is an important measure of the efficient redistribution of oil resources among various economies. Adopting cooperation strategies between economies can enhance the efficiency of the iOTNs. We design a series of trade cooperation strategies based on trade volumes, geographic locations and local similarities of economies, and quantitatively analyse the impact of new trade relations on the efficiency of the iOTNs under different trade cooperation strategies. We find that the oil trade system rapidly developed into a more efficient system for the flows of resources and market information. When the proportion of newly added trade relationships is fairly large, the win–win strategy can improve the network efficiency the most; otherwise, the common neighbour strategy performs the best.","PeriodicalId":15442,"journal":{"name":"Journal of complex networks","volume":"10 1","pages":"1-18"},"PeriodicalIF":2.2000,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"4","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of complex networks","FirstCategoryId":"100","ListUrlMain":"https://ieeexplore.ieee.org/document/9717040/","RegionNum":4,"RegionCategory":"数学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"MATHEMATICS, INTERDISCIPLINARY APPLICATIONS","Score":null,"Total":0}
引用次数: 4
Abstract
The efficiency of the international oil trade networks (iOTNs) is an important measure of the efficient redistribution of oil resources among various economies. Adopting cooperation strategies between economies can enhance the efficiency of the iOTNs. We design a series of trade cooperation strategies based on trade volumes, geographic locations and local similarities of economies, and quantitatively analyse the impact of new trade relations on the efficiency of the iOTNs under different trade cooperation strategies. We find that the oil trade system rapidly developed into a more efficient system for the flows of resources and market information. When the proportion of newly added trade relationships is fairly large, the win–win strategy can improve the network efficiency the most; otherwise, the common neighbour strategy performs the best.
期刊介绍:
Journal of Complex Networks publishes original articles and reviews with a significant contribution to the analysis and understanding of complex networks and its applications in diverse fields. Complex networks are loosely defined as networks with nontrivial topology and dynamics, which appear as the skeletons of complex systems in the real-world. The journal covers everything from the basic mathematical, physical and computational principles needed for studying complex networks to their applications leading to predictive models in molecular, biological, ecological, informational, engineering, social, technological and other systems. It includes, but is not limited to, the following topics: - Mathematical and numerical analysis of networks - Network theory and computer sciences - Structural analysis of networks - Dynamics on networks - Physical models on networks - Networks and epidemiology - Social, socio-economic and political networks - Ecological networks - Technological and infrastructural networks - Brain and tissue networks - Biological and molecular networks - Spatial networks - Techno-social networks i.e. online social networks, social networking sites, social media - Other applications of networks - Evolving networks - Multilayer networks - Game theory on networks - Biomedicine related networks - Animal social networks - Climate networks - Cognitive, language and informational network