RENT-SEEKING DECISIONS OF THE MAIN PARTICIPANTS IN CONSTRUCTION PROJECTS BASED ON EVOLUTIONARY-GAME AND SYSTEM DYNAMICS

IF 4.3 3区 工程技术 Q1 ENGINEERING, CIVIL
Weiwei Zuo, Qiankun Wang, Peng Li
{"title":"RENT-SEEKING DECISIONS OF THE MAIN PARTICIPANTS IN CONSTRUCTION PROJECTS BASED ON EVOLUTIONARY-GAME AND SYSTEM DYNAMICS","authors":"Weiwei Zuo, Qiankun Wang, Peng Li","doi":"10.3846/jcem.2022.16159","DOIUrl":null,"url":null,"abstract":"The performance of a construction project can be severely harmed by its participants’ rent-seeking. In order to prevent such attempt, this research integrates the evolutionary game theory with system dynamics method to simulate the impact of the change of some factors that may cause/reduce rent-seeking. Based on the analysis of the behavioral characteristics and interactive relationships of the main participants (the owner, supervisor, and contractor), an evolutionary game model is constructed and simulated with the method of system dynamics based on the replication dynamic equation of the mixed strategy solution of the three-party static game model. By assigning the parameters of project scale, supervision likelihood, supervision success rate, supervision cost, and penalty intensity, the interaction mechanism of the participants on each factor is revealed through a case-based simulation. The results show that the impacts of these factors on participants’ rent-seeking decisions are significantly different. Furthermore, some management suggestions are provided to prevent rent-seeking for project owner according to the research conclusions. This research can help the project owners take proper measures to prevent rent-seeking of the supervisors and the contractors to improve the performances of the projects.","PeriodicalId":15524,"journal":{"name":"Journal of Civil Engineering and Management","volume":" ","pages":""},"PeriodicalIF":4.3000,"publicationDate":"2022-01-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"4","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Civil Engineering and Management","FirstCategoryId":"5","ListUrlMain":"https://doi.org/10.3846/jcem.2022.16159","RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ENGINEERING, CIVIL","Score":null,"Total":0}
引用次数: 4

Abstract

The performance of a construction project can be severely harmed by its participants’ rent-seeking. In order to prevent such attempt, this research integrates the evolutionary game theory with system dynamics method to simulate the impact of the change of some factors that may cause/reduce rent-seeking. Based on the analysis of the behavioral characteristics and interactive relationships of the main participants (the owner, supervisor, and contractor), an evolutionary game model is constructed and simulated with the method of system dynamics based on the replication dynamic equation of the mixed strategy solution of the three-party static game model. By assigning the parameters of project scale, supervision likelihood, supervision success rate, supervision cost, and penalty intensity, the interaction mechanism of the participants on each factor is revealed through a case-based simulation. The results show that the impacts of these factors on participants’ rent-seeking decisions are significantly different. Furthermore, some management suggestions are provided to prevent rent-seeking for project owner according to the research conclusions. This research can help the project owners take proper measures to prevent rent-seeking of the supervisors and the contractors to improve the performances of the projects.
基于进化博弈和系统动力学的建设项目主体寻租决策
建设项目参与者的寻租行为会严重损害建设项目的绩效。为了防止这种企图,本研究将进化博弈论与系统动力学方法相结合,模拟一些可能导致/减少寻租的因素变化的影响。在分析主要参与者(业主、监理和承包商)的行为特征和互动关系的基础上,基于三方静态博弈模型混合策略解的复制动态方程,构建了演化博弈模型,并用系统动力学方法进行了仿真。通过分配项目规模、监理可能性、监理成功率、监理成本和处罚强度等参数,通过案例模拟揭示了参与者在各因素上的相互作用机制。结果表明,这些因素对参与者寻租决策的影响存在显著差异。在此基础上,根据研究结论为项目业主提供了防止寻租的管理建议。本文的研究可以帮助业主采取适当的措施,防止监理方和承包商的寻租行为,从而提高工程绩效。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
CiteScore
6.70
自引率
4.70%
发文量
0
审稿时长
1.7 months
期刊介绍: The Journal of Civil Engineering and Management is a peer-reviewed journal that provides an international forum for the dissemination of the latest original research, achievements and developments. We publish for researchers, designers, users and manufacturers in the different fields of civil engineering and management. The journal publishes original articles that present new information and reviews. Our objective is to provide essential information and new ideas to help improve civil engineering competency, efficiency and productivity in world markets. The Journal of Civil Engineering and Management publishes articles in the following fields: building materials and structures, structural mechanics and physics, geotechnical engineering, road and bridge engineering, urban engineering and economy, constructions technology, economy and management, information technologies in construction, fire protection, thermoinsulation and renovation of buildings, labour safety in construction.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信