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AlChaer, E and Issa, C A (2020) Engineering Productivity Measurement: A Novel Approach. Journal of Construction Engineering and Management, 146(08).
Cai, S, Ma, Z, Skibniewski, M J, Bao, S and Wang, H (2020) Construction Automation and Robotics for High-Rise Buildings: Development Priorities and Key Challenges. Journal of Construction Engineering and Management, 146(08).
Chen, Y, Chen, S, Hu, C, Jin, L and Zheng, X (2020) Novel Probabilistic Cost Estimation Model Integrating Risk Allocation and Claim in Hydropower Project. Journal of Construction Engineering and Management, 146(08).
Han, Y, Yin, Z, Zhang, J, Jin, R and Yang, T (2020) Eye-Tracking Experimental Study Investigating the Influence Factors of Construction Safety Hazard Recognition. Journal of Construction Engineering and Management, 146(08).
Ibrahim, M W, Hanna, A S, Russell, J S, Abotaleb, I S and El-adaway, I H (2020) Quantitative Analysis of the Impacts of Out-of-Sequence Work on Project Performance. Journal of Construction Engineering and Management, 146(08).
Jiang, Y and Bai, Y (2020) Estimation of Construction Site Elevations Using Drone-Based Orthoimagery and Deep Learning. Journal of Construction Engineering and Management, 146(08).
Kim, J J, Miller, J A and Kim, S (2020) Cost Impacts of Change Orders due to Unforeseen Existing Conditions in Building Renovation Projects. Journal of Construction Engineering and Management, 146(08).
Li, H, Lv, L, Zuo, J, Su, L, Wang, L and Yuan, C (2020) Dynamic Reputation Incentive Mechanism for Urban Water Environment Treatment PPP Projects. Journal of Construction Engineering and Management, 146(08).
- Type: Journal Article
- Keywords: Urban water environment treatment; Public-private partnership (PPP); Incentive mechanism; Explicit reputation; Implicit reputation;
- ISBN/ISSN: 0733-9364
- URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0001879
- Abstract:
New approaches are provided for urban water environment treatment projects (UWETP) with the development and application of the public-private partnership (PPP) model. However, an asymmetry of information and conflicts of interest exists between the government and the private sector. The moral hazard and the opportunistic behaviors of the private sector present significant challenges to the operational efficiency of UWETP-PPP. To encourage the private sector to operate UWETP-PPP with its real capability and further improve and supplement the incentive contracts, the reputation theory is introduced in this study to design the incentive mechanism of UWETP-PPP in a contract to integrate short-term incentives with long-term incentives and finally to realize a win-win situation between two parties. The main contributions of this paper are as follows: (1) A two-period dynamic incentive model for UWETP-PPP is constructed by introducing a reputation mechanism. (2) The effective conditions for exerting the reputation incentive effects are explored to realize the government’s effective incentive to the private sector. (3) The incentive effects of the explicit and implicit reputation incentive on the private sector are analyzed, and the incentive models with and without reputational concerns are compared. (4) The change rules of the private sector’s effort level and marginal incentive coefficient with the change in related variables that affect the model are revealed. The incentive contract of UWETP-PPP can be optimized using the proposed dynamic reputation incentive mechanism. This paper will be of interest to academics and practitioners concerned with the design of incentive contracts.
Li, J, Wang, H, Xie, Y and Zeng, W (2020) Human Error Identification and Analysis for Shield Machine Operation Using an Adapted TRACEr Method. Journal of Construction Engineering and Management, 146(08).
Ryu, J, Alwasel, A, Haas, C T and Abdel-Rahman, E (2020) Analysis of Relationships between Body Load and Training, Work Methods, and Work Rate: Overcoming the Novice Mason’s Risk Hump. Journal of Construction Engineering and Management, 146(08).
Sonmez, R, Aminbakhsh, S and Atan, T (2020) Activity Uncrashing Heuristic with Noncritical Activity Rescheduling Method for the Discrete Time-Cost Trade-Off Problem. Journal of Construction Engineering and Management, 146(08).
Tan, T, Lu, W, Tan, G, Xue, F, Chen, K, Xu, J, Wang, J and Gao, S (2020) Construction-Oriented Design for Manufacture and Assembly Guidelines. Journal of Construction Engineering and Management, 146(08).
Yin, X, Chen, Y, Bouferguene, A, Zaman, H, Al-Hussein, M and Russell, R (2020) Data-Driven Framework for Modeling Productivity of Closed-Circuit Television Recording Process for Sewer Pipes. Journal of Construction Engineering and Management, 146(08).
Zhan, W and Pan, W (2020) Formulating Systemic Construction Productivity Enhancement Strategies. Journal of Construction Engineering and Management, 146(08).
Zhang, R P, Lingard, H and Oswald, D (2020) Impact of Supervisory Safety Communication on Safety Climate and Behavior in Construction Workgroups. Journal of Construction Engineering and Management, 146(08).
Zheng, J, Wen, Q and Qiang, M (2020) Understanding Demand for Project Manager Competences in the Construction Industry: Data Mining Approach. Journal of Construction Engineering and Management, 146(08).
Zhu, L, Cheung, S O, Gao, X, Li, Q and Liu, G (2020) Success DNA of a Record-Breaking Megaproject. Journal of Construction Engineering and Management, 146(08).