Game Theory Analysis on Credit Management of Personnel Qualification in Construction Market in Hainan

Chunjing Shang (chunjingshang@163.com), Chang Xing (376780434@qq.com) and Xueqing Wang (wxq@tju.edu.cn)
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Chunjing Shang: Hainan University
Chang Xing: Dalian University of Technology
Xueqing Wang: Tianjin University

Chapter Chapter 76 in Proceedings of the 19th International Symposium on Advancement of Construction Management and Real Estate, 2015, pp 925-933 from Springer

Abstract: Abstract The construction of Hainan International Tourism Island provides a broad market for construction industry. The credit management of construction enterprises and practitioners, which is the core, plays an important role both in the development of construction market and the quality of products. In the paper, mechanism of credit utility in construction market in Hainan was analyzed via Game Theory by establishing models of incomplete information, which was based on the complex agency relationship and the situation about lacking of good credit managements among actors. And some relevant strategies were put forward to improve the management efficiency of the construction market in Hainan, such as establishing actors’ credit management system and incentives.

Keywords: Hainan; Construction market; Credit management; Practitioners; Game theory (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-662-46994-1_76

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DOI: 10.1007/978-3-662-46994-1_76

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