A Four-Party Evolutionary Game of Payment-Risk Governance Under Regulatory Credibility

Blocked bank withdrawals generate concentrated funding requests and online discussion, while discussion activity and funding resolution can follow different timelines. This study develops a four-party evolutionary game of regulators, financial institutions, information disseminators, and claimants. Original posts, publicly visible comments, and public resolution documents from the Henan village bank event provide the practical setting for examining strategic evolution under funding and information conditions. Regulatory credibility promotes orderly waiting when payment capacity, executable advance-payment arrangements, and reliable information provide support. When proactive action benefits all parties and unresolved demands dissipate faster than financial and information pressure accumulates, the system returns to coordinated governance after small perturbations. This study integrates funding arrangements, information governance, and multi-actor strategic interaction into a unified framework to examine payment-risk governance following blocked withdrawals.

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Publication Details

Journal
Systems
Published
2026-11-08
DOI
https://doi.org/10.3390/systems14111434
Primary Topic
Banking stability, regulation, efficiency
Type
article
Field-Weighted Citation Impact
0.00
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article

A Four-Party Evolutionary Game of Payment-Risk Governance Under Regulatory Credibility

Zuoji Dong, Yang Wang, Saihong Wang
Systems
Banking stability, regulation, efficiency
article

A Four-Party Evolutionary Game of Payment-Risk Governance Under Regulatory Credibility

Zuoji Dong, Yang Wang, Saihong Wang
article en

Abstract

Blocked bank withdrawals generate concentrated funding requests and online discussion, while discussion activity and funding resolution can follow different timelines. This study develops a four-party evolutionary game of regulators, financial institutions, information disseminators, and claimants. Original posts, publicly visible comments, and public resolution documents from the Henan village bank event provide the practical setting for examining strategic evolution under funding and information conditions. Regulatory credibility promotes orderly waiting when payment capacity, executable advance-payment arrangements, and reliable information provide support. When proactive action benefits all parties and unresolved demands dissipate faster than financial and information pressure accumulates, the system returns to coordinated governance after small perturbations. This study integrates funding arrangements, information governance, and multi-actor strategic interaction into a unified framework to examine payment-risk governance following blocked withdrawals.

SystemsVol. 14(11)
Beijing Normal University (CN), University of Chinese Academy of Sciences (CN)
Banking stability, regulation, efficiency
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