Title :
An Analysis Based on Game Theory about the Complicity between Contractor and Supervisor in the Construction Claims
Author_Institution :
Econ. & Manage. Sch., Wuhan Univ., Wuhan, China
Abstract :
Based on the game theory, the paper discusses the collusion between contractor and supervisor in construction claims. By creating a three-person game model, the paper analyzes the strategies of the entire three partners. There is no pure strategy Nash equilibrium, so they should select their strategies by chance according mixed strategy Nash equilibrium. Furthermore, the paper suggests government how to reduce the likelihood of collusion.
Keywords :
contracts; game theory; project management; collusion likelihood; construction claims; contractor-supervisor complicity; game theory; mixed strategy Nash equilibrium; three-person game model; Analytical models; Biological system modeling; Construction industry; Games; Nash equilibrium;
Conference_Titel :
Management and Service Science (MASS), 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5325-2
Electronic_ISBN :
978-1-4244-5326-9
DOI :
10.1109/ICMSS.2010.5576197