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Peer-to-peer energy sharing in the distribution networks (DN) is an emerging issue with the large-scale development of photovoltaic (PV) prosumers. The DN can be classified into energy-shared regions (ESR) to enable the zonal energy trading. A Stackelberg-game-based energy-sharing framework is recommended for DN with multi-ESR, where the energy-sharing provider (ESP) works as a leader with dynamic pricing for multi-ESR, whereas PV prosumers serve as followers with the demand response's (DR) ability to choose an ESR to link and modify their flexible loads. A profit maximization model, along with multi-ESR pricing and a network usage fee, is designed for the ESP operation in this article. This involves a utility model with DR strategies, including ESR selection and load adjustment, which is proposed for the prosumers. Moreover, the presence and uniqueness of the Stackelberg equilibrium are being …