Analysis of Private Investors Conduct Strategies by Governments Supervising Public-Private Partnership Projects in the New Media Era

Guangbin Wang, Yingxia Xue, Mirosław Jan Skibniewski, Jiule Song and Hao Lu
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Guangbin Wang: Department of Construction Management and Real Estate, School of Economics and Management, Tongji University, Shanghai 200092, China
Yingxia Xue: Department of Construction Management and Real Estate, School of Economics and Management, Tongji University, Shanghai 201804, China
Mirosław Jan Skibniewski: Center of Excellence in Project Management, University of Maryland, College Park, MA 20742-3021, USA
Jiule Song: Department of Construction Management and Real Estate, School of Economics and Management, Tongji University, Shanghai 201804, China
Hao Lu: Department of Construction Management and Real Estate, School of Economics and Management, Tongji University, Shanghai 200092, China

Sustainability, 2018, vol. 10, issue 12, 1-26

Abstract: Private investors and governments need to cooperate in public–private partnership (PPP) projects but the private investors may be in pursuit of their own profit by conducting defaulting behaviors which causes various environmental problems and economic risks. However, the information asymmetry between them makes it difficult to supervise the behaviors of private investors. The development of internet and social media creates new environment for the information spread and people are using new media increasingly in the current society, providing an inexpensive and viable way for the public to participate in PPP projects. We constructed a dynamic evolutionary model to analyze the behaviors strategies of governments and private investors in the new media era and then analyzed how important factors influence the behavior trends of governments and private investors. These findings could provide meaningful insight to improve supervision status by using the new media environment and predict the behaviors of governments and private investors in PPP projects, which would be conductive for the governments to supervise the private investors in PPP projects more efficiently.

Keywords: PPP scheme; private investors conduct strategies; supervision behaviors of government; new media era; evolutionary simulation (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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