Negotiation Transaction Cost of PPP Based on the Cumulative Prospect-Evolutionary Game Model

ICCREM 2017 ◽  
2017 ◽  
Author(s):  
Fangfang Liu ◽  
Yousong Wang ◽  
Hui Yan ◽  
Hongyang Li ◽  
Yan Zhang
Keyword(s):  
Transaction Cost ◽  
Evolutionary Game ◽  
Game Model

scholarly journals A Study of Taxi Service Mode Choice Based on Evolutionary Game Theory

2019 ◽  
Vol 2019 ◽  
pp. 1-17
Author(s):  
Zhu Bai ◽  
Mingxia Huang ◽  
Shuai Bian ◽  
Huandong Wu
Keyword(s):  
Game Theory ◽  
Evolutionary Game Theory ◽  
Mode Choice ◽  
Evolutionary Game ◽  
Payoff Matrix ◽  
Game Model ◽  
Stable States ◽  
Taxi Service ◽  
Service Mode ◽  
The Impact

The emergence of online car-hailing service provides an innovative approach to vehicle booking but has negatively influenced the taxi industry in China. This paper modeled taxi service mode choice based on evolutionary game theory (EGT). The modes included the dispatching and online car-hailing modes. We constructed an EGT framework, including determining the strategies and the payoff matrix. We introduced different behaviors, including taxi company management, driver operation, and passenger choice. This allowed us to model the impact of these behaviors on the evolving process of service mode choice. The results show that adjustments in taxi company, driver, and passenger behaviors impact the evolutionary path and convergence speed of our evolutionary game model. However, it also reveals that, regardless of adjustments, the stable states in the game model remain unchanged. The conclusion provides a basis for studying taxi system operation and management.

Evolutionary game analysis of information sharing by institutional investors

2021 ◽  
pp. 1-9
Author(s):  
Hua Li ◽  
Qingqing Lou ◽  
Qiubai Sun ◽  
Bowen Li
Keyword(s):  
Information Sharing ◽  
Institutional Investors ◽  
Information Exchange ◽  
Evolutionary Game ◽  
Stable State ◽  
Point Of View ◽  
Game Model ◽  
Game Analysis ◽  
Relationship Network ◽  
The Relationship

In order to solve the conflict of interests of institutional investors, this paper uses evolutionary game model. From the point of view of information sharing, this paper discusses four different situations. Only when the sum of risk and cost is less than the penalty of free riding, the evolution of institutional investors will eventually incline to the stable state of information sharing. That is, the phenomenon of hugging. The research shows that the institutional investors are not independent of each other, but the relationship network of institutional investors for the purpose of information exchange. The content of this paper enriches the research on information sharing of institutional investors.

scholarly journals Research on Cooperative Innovation Behavior of Industrial Cluster Based on Subject Adaptability

2016 ◽  
Vol 2016 ◽  
pp. 1-19 ◽  
Author(s):  
Xiaohui Jia ◽  
Minghui Jiang ◽  
Lei Shi
Keyword(s):  
Steady State ◽  
Evolutionary Game ◽  
Industrial Cluster ◽  
Industrial Clusters ◽  
Government Support ◽  
Correlated Equilibrium ◽  
Game Model ◽  
Cooperative Innovation ◽  
The Cost ◽  
The Impact

From the perspective of the interactive cooperation among subjects, this paper portrays the process of cooperative innovation in industrial cluster, in order to capture the correlated equilibrium relationship among them. Through the utilization of two key tools, evolutionary stable strategy and replicator dynamics equations, this paper considers the cost and gains of cooperative innovation and the amount of government support as well as other factors to build and analyze a classic evolutionary game model. On this basis, the subject’s own adaptability is introduced, which is regarded as the system noise in the stochastic evolutionary game model so as to analyze the impact of adaptability on the game strategy selection. The results show that, in the first place, without considering subjects’ adaptability, their cooperation in industrial clusters depends on the cost and gains of innovative cooperation, the amount of government support, and some conditions that can promote cooperation, namely, game steady state. In the second place after the introduction of subjects’ adaptability, it will affect both game theory selection process and time, which means that the process becomes more complex, presents the nonlinear characteristics, and helps them to make faster decisions in their favor, but the final steady state remains unchanged.

scholarly journals Analysis of Smooth Implementation of Industry Poverty Alleviation considering Government Supervision

2021 ◽  
Vol 2021 ◽  
pp. 1-13
Author(s):  
Haifeng Yao ◽  
Jiangyue Fu
Keyword(s):  
Equilibrium Point ◽  
Evolutionary Game Theory ◽  
Poverty Alleviation ◽  
Equilibrium Points ◽  
Evolutionary Game ◽  
Parameter Design ◽  
Game Model ◽  
Government Supervision ◽  
Proposed Model ◽  
The Government

Vigorous implementation of industrial poverty alleviation is the fundamental path and core power of poverty alleviation in impoverished areas. Enterprises and poor farmers are the main participants in industry poverty alleviation. Government supervision measures regulate their behaviors. This study investigates how to smoothly implement industry poverty alleviation projects considering government supervision. A game model is proposed based on the evolutionary game theory. It analyses the game processes between enterprises and poor farmers with and without government supervision based on the proposed model. It is shown that poverty alleviation projects will fail without government supervision given that the equilibrium point (0, 0) is the ultimate convergent point of the system but will possibly succeed with government supervision since the equilibrium points (0, 0) and (1, 1) are the ultimate convergent point of the system, where equilibrium point (1, 1) is our desired results. Different supervision modes have different effects on the game process. This study considers three supervision modes, namely, only reward mode, only penalty mode, and reward and penalty mode, and investigates the parameter design for the reward and penalty mode. The obtained results are helpful for the government to develop appropriate policies for the smooth implementation of industry poverty alleviation projects.

scholarly journals Research on the Collaborative Application of BIM in EPC Projects: The Perspective of Cooperation between Owners and General Contractors

2021 ◽  
Vol 2021 ◽  
pp. 1-14
Author(s):  
Chengshuang Sun ◽  
Min Wang ◽  
Fengyong Zhai
Keyword(s):  
Numerical Simulation ◽  
Decision Making ◽  
Dynamic Method ◽  
Evolutionary Game ◽  
Final Decision ◽  
Game Model ◽  
General Contractors ◽  
Punishment Mechanism ◽  
Reducing Costs ◽  
Collaborative Application

As an effective way to reduce costs and increase efficiency of EPC projects, BIM technology has drawn a lot of attention in numerous countries. Existing studies have failed to reveal the BIM decision-making mechanisms of owners and general contractors in EPC projects in a dynamic method. This study investigates the underlying logic of the collaboration application of BIM by analyzing the dynamic behaviors of owners and general contractors based on evolutionary game model. The results show that the most effective suggestions to promote the BIM collaboration application in EPC projects are “increasing the proportion of BIM application initially strategies,” “increasing incremental revenue of BIM collaborative application,” “reducing costs of BIM collaboration application,” “avoiding excessive hitchhiking,” and “establishing reasonable reward and punishment mechanism.” On the basis of numerical simulation to illustrate the influence of the different initial strategies and parameters on the final decision in different situations, five solutions were proposed for the effective BIM collaboration application between owners and general contractors. This article can facilitate researchers pondering the dynamics of collaboration among stakeholders in projects, and it can also facilitate participants picking up proper strategies for improved collaboration.

scholarly journals Tripartite Evolutionary Game Model for Public Health Emergencies

2021 ◽  
Vol 2021 ◽  
pp. 1-14
Author(s):  
Zhiqi Xu ◽  
Yukun Cheng ◽  
Shuangliang Yao
Keyword(s):  
Public Health ◽  
Local Government ◽  
Evolutionary Game ◽  
Public Health Emergency ◽  
Game Model ◽  
Negative Behaviors ◽  
The Public ◽  
Public Health Emergencies ◽  
Theoretical Support ◽  
Safety And Health

Public health emergencies are more related to the safety and health of the public. For the management of the public health emergencies, all parties’ cooperation is the key to preventing and controlling the emergencies. Based on the assumption of bounded rationality, we formulate a tripartite evolutionary game model, involving the local government, the enterprises, and the public, for the public health emergency, e.g., COVID-19. The evolutionary stable strategies under different conditions of the tripartite evolutionary game are explored, and the effect from different factors on the decision-makings of participants for public health emergencies is also analyzed. Numerical analysis results show that formulating reasonable subsidy measures, encouraging the participation of the public, and enforcing the punishment to enterprises for their negative behaviors can prompt three parties to cooperate in fighting against the epidemic. Our work enriches an understanding of the governance for the public health emergency and provides theoretical support for the local government and related participants to make proper decisions in public health emergencies.

scholarly journals How to Promote Compliance Management in the Electricity Market? An Analysis Based on the Evolutionary Game Model

2021 ◽  
Vol 9 ◽  
Author(s):  
Luosong Jin ◽  
Cheng Chen ◽  
Yun Li ◽  
Xiangyang Wang ◽  
Yuanyuan Cheng
Keyword(s):  
Electricity Market ◽  
Evolutionary Game ◽  
Evolution Process ◽  
Regulatory Agencies ◽  
Dynamic Evolution ◽  
Model Parameters ◽  
Game Model ◽  
Compliance Cost ◽  
Compliance Management ◽  
The Government

In this paper, we aim to analyze how to effectively promote compliance management in the electricity market. We construct an evolutionary game model under the two different scenarios, i.e., the scenario without governmental supervision and the scenario with governmental supervision, and explicitly describes the strategic behaviors and dynamic evolution process of power enterprises and regulators in the power market. According to the results of the evolutionary stable strategy, we find that, in the absence of governmental supervision, the long-term stable equilibrium of power enterprises' choice of strategy “Compliance” and regulatory agencies' choice of strategy “Not bribery” is hard to be realized. Only if the government effectively supervises the compliance management of the electricity market can the ideal compliance behavior of the two stakeholders be achieved. Furthermore, we conduct a simulation study to analyze the impacts of the various model parameters on the dynamic evolution process. The specific results show that the lower compliance cost, the higher psychological cost, and the larger profit loss of the power enterprises, as well as the lower inspection cost, the higher psychological cost, and the larger rewards of the regulatory agencies, can promote the formation of compliance management. Besides, the larger penalty charged by the government is also conducive to the compliance management of the electricity market.

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