The Analysis of Regulatory Strategy about Government-Invested Projects Based on the Imperfect Credibility Threats
Journal Title: Scholars Journal of Engineering and Technology - Year 2016, Vol 4, Issue 12
Abstract
In the construction market, it is very difficult to obtain the private information of project management units which have uneven aptitude for the government. In order to reduce the government’s risk caused by adverse selection in bidding, cut the loss because of the violations of the agent in the process of project construction, and prevent the decision failure because of the malfeasance of supervision department in government regulation, this paper carries on the game analysis through establishing an including uncertainty complete and imperfect information dynamic model, and analyzes the critical factors which have an great effect on the agent market. The result shows that the government should regulate the supervision policy of agent construction system from the aspects of developing the credibility of threat, decreasing the implementation cost of advanced technology and management experience, reducing the expect to agent construction project about unqualified project management units, and government self-improvement. Keywords: Agent construction system; Government regulation; Imperfect information; Imperfect believable threat.
Authors and Affiliations
Yunna Wu, Kaifeng Chen
Keywords
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