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Scholars Journal of Engineering and Technology | Volume-4 | Issue-12
The Analysis of Regulatory Strategy about Government-Invested Projects Based on the Imperfect Credibility Threats
Yunna Wu, Kaifeng Chen
Published: Dec. 25, 2016 |
128
102
DOI: 10.21276/sjet.2016.4.12.2
Pages: 570-576
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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.