International Conference on Construction and Real Estate Management 2020
Study on Game Model of Risk Sharing in PPP Project of Underground Pipe Gallery
Publication: ICCREM 2020: Intelligent Construction and Sustainable Buildings
ABSTRACT
Reasonable risk sharing is the key to the successful implementation of PPP project for underground pipe gallery. In order to remedy the deficiency of ignoring the asymmetric status of the government and the private sector in previous research methods, this paper constructs a risk sharing game model of PPP project of underground pipe gallery under the premise of asymmetric status of both parties involved in the project, which is divided into two situations: under the condition of complete information and incomplete information. The best method of risk sharing between the government and the private sector is obtained by solving the model. Finally, the rationality and feasibility of risk sharing game are verified by an example. The research results not only make up for the insufficiency of risk sharing research on PPP project of underground pipe gallery in theory, but also have very important guiding significance for the successful implementation of PPP project of underground pipe gallery.
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ACKNOWLEDGMENTS
This study was sponsored by the National Natural Science Foundation Youth Fund (NO. 71601042).
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Information & Authors
Information
Published In
ICCREM 2020: Intelligent Construction and Sustainable Buildings
Pages: 284 - 293
Editors: Yaowu Wang, Ph.D., Harbin Institute of Technology, Thomas Olofsson, Ph.D., Luleå University of Technology, and Geoffrey Q. P. Shen, Ph.D., Hong Kong Polytechnic University
ISBN (Online): 978-0-7844-8323-7
Copyright
© 2020 American Society of Civil Engineers.
History
Published online: Oct 14, 2020
Published in print: Oct 14, 2020
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