Study on Operation and Maintenance Supervision Strategy of Environmental Engineering PPP Project
Publication: ICCREM 2021
ABSTRACT
Because of the significant information asymmetry in the operation and maintenance process of environmental engineering PPP projects, there are great limitations in the supervision of the project by all participants, and the interest demands of all parties are inconsistent, which makes the regulatory strategies of all parties different. Therefore, based on the assumption of bounded rationality, this paper introduces the public feedback mechanism to construct the tripartite evolutionary game income matrix of government departments, social capital, and the public. Based on the matrix, the interaction behavior and stability state of the three parties under different strategies are analyzed, and then the ideal state of the tripartite game is simulated and analyzed to explore the influence of various uncertain factors on the game process, to provide a theoretical basis for the choice of the optimal regulatory strategy of environmental engineering PPP project.
Get full access to this article
View all available purchase options and get full access to this chapter.
REFERENCES
Akerlof, G. A. (1970). “The market for ‘lemons’: quality uncertainty and the market mechanism.” The Quarterly Journal of Economics, 84(3), 488–500.
Bi, R. (2020). “Game analysis of government and enterprise in PPP project of sponge city.” Journal of Industrial Technological Economics, 39(05), 144–151. (in Chinese).
Huang, W., Wang, D. F., and Song, X. Y. (2020). “Does public participation in social governance always work? a game theory analysis based on ecological water conservancy project construction.” Management Review, 32(11), 297–307. (in Chinese).
Lv, J. N., Liu, R. F., Xing, Q. S., and Zhou, W. (2020). “Research on capital compensation decision model of rail transit PPP project under minimum passenger flow guarantee.” Journal of Railway Science and Engineering, 17(10), 2696–2702. (in Chinese).
Li, J. Y., and Shen, K. (2020). “Research on highway PPP project cooperation based on evolutionary game.” Construction Economy, 41(2), 121–125. (in Chinese).
Li, X. L. (2017). “Evolution game analysis of public-private partnership projects regulatory with consideration of reputation.” Journal of Systems Engineering, 32(02), 199–206. (in Chinese).
Ma, L. (2018). “Does citizen engagement in government performance measurement matter: a multilevel analysis of Chinese cities.” Comparative Economic and Social Systems, 5(03), 113–124. (in Chinese).
Pan, H., and Yang, S. (2019). “Research on tax incentive and multivariate regulation of PPP.” Friends of Accounting, 6(13), 35–40. (in Chinese).
Yooil, B., and Yu, M. (2016). “Pathways to meet critical success factors for local PPPs: The cases of urban transport infrastructure in Korean cities.” Cities, 53(4), 35–42.
Ye, X. S., Shi, S. Y., and Liu, L. H. (2017). “The relationship between partners, cooperative environment and public products supply of PPP projects: an analysis based on structural equation model.” Journal of Beijing Jiaotong University (Social Sciences Edition), 16(01), 45–54. (in Chinese).
Information & Authors
Information
Published In
ICCREM 2021
Pages: 708 - 717
Copyright
© 2021 American Society of Civil Engineers.
History
Published online: Dec 9, 2021
Authors
Metrics & Citations
Metrics
Citations
Download citation
If you have the appropriate software installed, you can download article citation data to the citation manager of your choice. Simply select your manager software from the list below and click Download.