The Evolutionary Game of Trust in Public-Private Partnership Project Networks

Xiangtian Nie, Kai Feng, Guoxiang Zhao, Tianyu Fan and Shengnan Wang

Mathematical Problems in Engineering, 2021, vol. 2021, 1-11

Abstract:

In public-private partnership (PPP) projects, the government plays a role as both regulator and participant. Trust between the government and the private sector is important as it may affect project performance and even cause the problem of a breach of contract, which may lead to project failure. Little is known, however, about the formation and evolution mechanisms of trust in this context. This study analyses the complex evolution of trust in PPP project networks. An evolutionary game of trust model between government and the private sector is established and analysed, the strategic equilibrium points are obtained by solving the replication dynamic equation, and the Jacobian matrix and differential equation stability theory are introduced to analyse the stability of the equilibrium points. The results reveal the relationships among the stable state of trust, the initial state of trust, and the payment matrix, indicating that the payment matrix can effectively shape the evolution process and stable state of trust to influence performance. This study provides a novel contribution in solving the complex trust problem in PPP project networks and it provides a new analytical tool for PPP project management practice.

Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://downloads.hindawi.com/journals/MPE/2021/5514708.pdf (application/pdf)
http://downloads.hindawi.com/journals/MPE/2021/5514708.xml (text/xml)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hin:jnlmpe:5514708

DOI: 10.1155/2021/5514708

Access Statistics for this article

More articles in Mathematical Problems in Engineering from Hindawi
Bibliographic data for series maintained by Mohamed Abdelhakeem ().