Game-theoretic models for sustainable supply chains with asymmetric information
a review
K. Wu (TU Delft - Transport and Logistics)
Lorant Tavasszy (TU Delft - Transport and Logistics, TU Delft - Transport, Mobility and Logistics)
J. Rezaei (TU Delft - Transport and Logistics)
B. De Schutter (TU Delft - Delft Center for Systems and Control)
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Abstract
Game-theoretic models are frequently used to analyse the effects of
information availability and quality on supply chain decision-making.
Although information asymmetry plays a vital role in shaping sustainable
supply chains, a comprehensive review of these models within this
context remains lacking. This study conducts a systematic literature
review and performs an in-depth content-based analysis of 73
peer-reviewed journal articles, categorising them based on their
assumptions regarding supply chain structure, information structure, and
interaction among supply chain members. We find that researchers are
extending traditional supply chain models to address emerging challenges
and opportunities driven by sustainable practices under asymmetric
information. However, the research remains in a preliminary phase, with
most models relying on simplified settings – typically dyadic,
single-product, and single-period frameworks – and focusing primarily on
demand and cost information asymmetries. Multilateral information
structures and non-contractual coordination mechanisms remain largely
unexplored. Theoretical advancements have considerably outpaced
empirical validation, revealing a critical gap in the integration of
real-world practices. Our findings highlight the importance of
information sharing and coordination mechanisms in achieving
sustainability outcomes and improving supply chain performance. These
insights enrich the theoretical discourse on information asymmetry in
sustainable supply chains.
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