Abstract:Aiming at supplier-led green supply chain, considering both green supply and green manufacturing, this paper studies the optimal green innovation and pricing decision-making of green supply chain under three situations: fair neutrality, supplier equity concern and manufacturer equity concern, and compares the green benefits and economic benefits when different subjects are concerned about fairness. The results show that: First, under the guidance of suppliers, the level of green innovation has positive influence on consumer's preference and innovation ability, while the fairness and concern behaviors of different subjects have different effects on the level of green innovation. Second, different subjects have different approaches to equity concerns, with manufacturers reducing green manufacturing costs and suppliers increasing market demand. In addition, supplier equity concerns enhance the green and economic benefits of the supply chain, while manufacturer equity concerns do the opposite.