Game Analysis of Stakeholders in Urban Renewal Based on Maximization of Social Welfare

Author(s):  
J. F. Li ◽  
Y. S. Wang ◽  
N. Lu ◽  
Y. Du ◽  
Y. Zhang ◽  
...  
2013 ◽  
Vol 405-408 ◽  
pp. 3473-3476
Author(s):  
Cheng Zhi Li ◽  
Feng Peng

Project quality is affected by many factors,of which the rent-seeking behavior of the contractor is an important one.In this paper,the contractor’s rent-seeking behavior in various stage of construction projects and its effect to social welfare is analyzed based on the game theory and rent-seeking theory.After building a game model among the owner,contractor and supervisor,some suggestions are propounded to forestall such behavior from the point of equilibrium solutions.


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