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Al-Bayati, A J, Eiris, R, Hernandez, G O and Al-Bayati, M A (2023) Addressing social inequity in construction safety research: Personal protective equipment focus. Journal of Construction Engineering and Management, 149(12).
Deep, S, Gajendran, T, Jefferies, M and Jha, K N (2023) Developing subcontractor-general contractor relationships in the construction industry: Constructs and scales for analytical decision making. Journal of Construction Engineering and Management, 149(12).
Gebretekle, Y T and Fayek, A R (2023) Fuzzy agent-based modeling of competency and performance measures in construction. Journal of Construction Engineering and Management, 149(12).
Hadi, A, Cheung, F, Adjei, S and Dulaimi, A (2023) Evaluation of lean off-site construction literature through the lens of industry 4.0 and 5.0. Journal of Construction Engineering and Management, 149(12).
Han, J and Huang, H (2023) Cooperative behavior, supervision, and contract choice in PPP projects: An evolutionary game theory approach incorporating an other-regarding preference. Journal of Construction Engineering and Management, 149(12).
- Type: Journal Article
- Keywords: evolutionary game theory; flexible contract; other-regarding preference; public-private partnership project; rigid contract
- ISBN/ISSN: 0733-9364
- URL: http://doi.org/10.1061/JCEMD4.COENG-13866
- Abstract:
Rigid and flexible contracts, both of which have advantages and disadvantages, are widely used in public-private partnership (PPP) projects. How to choose an appropriate contract type to improve the performance of PPP projects is an important issue that governments need to address. The literature has focused mainly on the strategy evolution of governments and private investors under rigid contracts but has not considered the influence of contract type (rigid versus flexible) on their strategy evolution. In this study, by incorporating an other-regarding preference, evolutionary game models under rigid and flexible contracts in PPP projects are established. We compare the government's supervision strategy and the private investor's cooperation strategy under these two types of contracts and summarize the applicable situations. Our research results show that the type of contract (rigid or flexible) will not affect the government's supervision strategy but will affect the cooperative strategy of the private investor. The applicable conditions of these two types of contracts are determined by profit sharing, the government's expectation of the project performance, and the discount rate as well as other factors. There is no cross-influence between the government and private investor's other-regarding preferences. The private investor's other-regarding preference is conducive to reducing some opportunistic behaviors that cause damage to social welfare and in promoting cooperative behavior. This paper contributes to the literature on PPP project contract design by providing the applicable conditions for rigid and flexible contracts as well as contract choice suggestions for project managers in PPP projects.
Hu, Z, Chan, W T and Hu, H (2023) Personalized construction safety interventions considering cognitive-related factors. Journal of Construction Engineering and Management, 149(12).
Lai, X, Huang, J, Lin, S, Hu, C, Mao, N, Liu, J and Chen, Q (2023) Efficiency scoring for subway tunnel construction based on shield-focused big data and Gaussian broad learning system. Journal of Construction Engineering and Management, 149(12).
Li, M, Lin, Q and Jin, H (2023) Research on near-miss incidents monitoring and early warning system for building construction sites based on blockchain technology. Journal of Construction Engineering and Management, 149(12).
Ling, F Y Y, Heng, G T H, Chang-Richards, A, Chen, X and Yiu, T W (2023) Impact of digital technology adoption on the comparative advantage of architectural, engineering, and construction firms in Singapore. Journal of Construction Engineering and Management, 149(12).
Luo, X, Li, X, Song, X and Liu, Q (2023) Convolutional neural network algorithm-based novel automatic text classification framework for construction accident reports. Journal of Construction Engineering and Management, 149(12).
Moohialdin, A S M, Lamari, F, Miska, M and Trigunarsyah, B (2023) Proximity activity intensity identification system in hot and humid weather conditions: Development and implementation. Journal of Construction Engineering and Management, 149(12).
Mostofi, F and Toǧan, V (2023) A data-driven recommendation system for construction safety risk assessment. Journal of Construction Engineering and Management, 149(12).
Shi, L, He, Y and Onishi, M (2023) Effect of the internal agency problem on risk-sharing incentive contracts in public-private partnership projects. Journal of Construction Engineering and Management, 149(12).
Siddika, A and Lu, M (2023) Project schedule acceleration optimization integrated with energy source-based assessment of occupational health and safety risks. Journal of Construction Engineering and Management, 149(12).
Taghaddos, M, Pereira, E, Osorio-Sandoval, C, Hermann, U and Abourizk, S (2023) A data-driven approach for deploying safety policies for schedule planning in industrial construction projects: A case study. Journal of Construction Engineering and Management, 149(12).
Thekinen, J D, Pandey, N, Mollaoglu, S, Duva, M, Frank, K and Zhao, D (2023) Detecting information bottlenecks in architecture engineering construction projects for integrative project management. Journal of Construction Engineering and Management, 149(12).
Venkatesh, P and Ergan, S (2023) Classification of challenges in achieving BIM-based safety-requirement checking in vertical construction projects. Journal of Construction Engineering and Management, 149(12).
Xiahou, X, Li, Z, Xia, J, Zhou, Z and Li, Q (2023) A feature-level fusion-based multimodal analysis of recognition and classification of awkward working postures in construction. Journal of Construction Engineering and Management, 149(12).
Xu, Z, Guo, X, Zhao, Y and Liu, X (2023) Performance of CFRP-bolted timber joints with slotted-in corrugated steel plates. Journal of Construction Engineering and Management, 149(12).
Xue, Y, Le, Y, Zhang, X and Jiang, K (2023) Exploring schedule risks in large airport operational readiness: Risk identification and the systematic model. Journal of Construction Engineering and Management, 149(12).
Yang, J, Zhong, B, Gao, H and Wang, Y (2023) Task decomposition and service composition on an innovative blockchain-based construction service trading platform to select construction services. Journal of Construction Engineering and Management, 149(12).
Yi, W, Wang, H, Zhen, L and Liu, Y (2023) Automated generation of horizontal precast slab stacking plans. Journal of Construction Engineering and Management, 149(12).
Zhou, T, Xia, P, Ye, Y and Du, J (2023) Embodied robot teleoperation based on high-fidelity visual-haptic simulator: Pipe-fitting example. Journal of Construction Engineering and Management, 149(12).