Economics

Evolutionary game analysis on decision-making behaviors of participants in mega projects

D. Chen and B. Chen

Discover how collusive behavior in mega-projects can be analyzed through the lens of evolutionary game theory. This research explores the dynamics between owners, constructors, supervisors, the government, and the public, revealing essential strategies for improved governance. Learn from the insights shared by Daoping Chen and Binbin Chen.

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Abstract

This paper investigates collusive behavior in mega-projects using evolutionary game theory. A model incorporating a collusion-body (owner, constructor, supervisor), the government, and the public is developed. Analysis reveals how costs and benefits influence each participant's strategy, identifying critical probabilities for strategy shifts. Five evolutionary stable strategies are identified, each with distinct cost-benefit conditions. Active government intervention and public participation are shown to improve governance effectiveness by modifying cost-benefit parameters.

Publisher

Humanities and Social Sciences Communications

Published On

Dec 07, 2023

Authors

Daoping Chen, Binbin Chen

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