Chapter
Apr 26, 2012
Nash Equilibrium Analysis of Developing Cyclic Economy for Highway Project Construction
Publication: ICTE 2011
Abstract
Although both the government and the firms are concerning about the development of cyclic economy for highway projects construction, the conflict of rational choice between the government and the firm appears due to both parties' different interests. This paper introduces the theory of the games of incomplete information to analyze their strategy profile and action. According to the establishment of Nash equilibrium under different conditions, it indicates clearly that the most effective measures to make sure the firms to develop the cyclic economy is that the government should strengthen penalties and increase supervising efficiency as well as provide technology support.
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Copyright
© 2011 American Society of Civil Engineers.
History
Published online: Apr 26, 2012
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ASCE Technical Topics:
- Business management
- Business organizations
- Construction companies
- Construction engineering
- Construction industry
- Construction management
- Decision making
- Engineering mechanics
- Equilibrium
- Game theory
- Government
- Infrastructure
- Infrastructure construction
- Organizations
- Practice and Profession
- Project management
- Statics (mechanics)
- Traffic engineering
- Transportation engineering
- Travel patterns
Authors
Affiliations
Key Laboratory for Special Area Highway Engineering of MOE; College of Highway, Chang'an University 710064; Xi'an, China.E-mail: [email protected]
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ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.