Research on Repeated Game Between Food Enterprises and Government Regulators

In view of China's frequent food safety incidents in recent years, this paper builds a repeated game model to study the interaction between food enterprises and government regulators, based on quantifying the returns of them. It designs the optimum of food enterprises product pass rate under the current discount rate and the existing relationship. The result shows that regulation has an important impact on product pass rate of food enterprises, and it has positive significance to maintain appropriate regulation for both sides.