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      Game Analysis on Urban Rail Transit Project Under Governmental Investment Regulation

      , ,
      The Open Construction and Building Technology Journal
      Bentham Science Publishers Ltd.

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          Abstract

          Urban rail transit is the construction project under the planning and huge investment of the government. How to effectively conduct investment regulation and control becomes the core question that the government departments are concerned about. In this paper, the relations among government, owner and contractor are studied and the static and dynamic game model is built for behaviors among each subject from the perspective of governmental investment regulation through game theory. Game analysis result shows: (1) the lower the governmental regulation cost the heavier the government's punishment for the owner due to its fail in due diligence and the more the owner's possibility of strict scrutiny; (2) the higher the owner's examination the less willing the owner to conduct narrow examination and the more contractor’s possibility to choose fraudulent conducts; (3) In case of higher income of owner and contractor under their collusion strategy and lower cost of governmental regulation, the owner and contractor can adopt collusion strategy while the government can adopt regulatory strategy. In case of lower income of owner and contractor under their collusion strategy and higher cost of governmental regulation, the owner and contractor should not adopt collusion strategy while the government should adopt regulatory strategy. The research result provides theoretical basis for the government to formulate relevant policies for investment regulation of urban rail transit project.

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          On economic applications of evolutionary game theory

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            Analyzing Influencing Factors of Financing Decision for Urban Rail Transit Projects Using DEMATEL Approach

            Financing behavior, based on the financing decision made by the owner of urban rail transit projects, will directly affect the capital cost of its operation and the construction schedule of the project. This paper intended to combine financing demand and financing options with the project construction schedule, quality and investment management, and based on DEMATEL methodology, to identify and sort the factors that constraining the financing behavior and financing structure in rail transit financing and then systematically analyze them. On this basis, the paper kept “Fund Timely Raised and Cost Lowest” as the objective and proposed an optimum framework in response to the financing structure under multi factors.
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              Author and article information

              Journal
              The Open Construction and Building Technology Journal
              TOBCTJ
              Bentham Science Publishers Ltd.
              1874-8368
              June 23 2016
              June 23 2016
              : 10
              : 1
              : 369-378
              Article
              10.2174/1874836801610010369
              1b429ea5-1da7-4974-9f58-cbfcaa74763c
              © 2016

              https://creativecommons.org/licenses/by/4.0/legalcode

              History

              Medicine,Chemistry,Life sciences
              Medicine, Chemistry, Life sciences

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