JOURNAL OF SHANDONG UNIVERSITY(NATURAL SCIENCE) ›› 2026, Vol. 61 ›› Issue (8): 39-51.doi: 10.6040/j.issn.1671-9352.0.2025.006

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Blockchain introduction and pricing decision of vaccine supply chain under the influence of dual effects

LI Shiyang1, CHEN Keyu1, ZHOU Nan2   

  1. 1. College of Modern Postal, Chongqing University of Posts and Telecommunications, Chongqing 400065, China;
    2. College of Finance and Economics, Yangtze Normal University, Chongqing 408100, China
  • Published:2026-08-12

Abstract: To solve the problem of traceability in the vaccine supply chain, a dual effect of blockchain-enabled in monitoring vaccine flow and affecting consumers’ risk perception is considered and the Stackelberg game is used to compare and analyze the blockchain introduction decision of vaccine manufacturer and the pricing decision of vaccine supply chain. The research shows that:(1)The harm of the vaccine gray market is reflected in disrupting the market price order and reducing the profits of vaccine manufacturer and vaccine supply chain.(2)Vaccine manufacturer is always willing to introduce blockchain to suppress the vaccine gray market. However, vaccine manufacturer refuses to build blockchain to the extent required to completely suppress the vaccine gray market, which explains why the introduction of blockchain still cannot completely suppress the gray market in reality.(3)The introduction of blockchain by vaccine manufacturer helps to increase immunization coverage and rebuilt vaccine trust, but contrary to the intuitive feeling, it will reduce consumer surplus and social welfare in some cases.

Key words: vaccine supply chain, blockchain, dual effect, pricing, game theory

CLC Number: 

  • F224
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