Review of Government Compensation Mechanisms for Prefabricated Buildings

Jiaying Peng (), Huanhuan Mu () and Yiqi Lee ()
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Jiaying Peng: Chongqing Jiaotong University
Huanhuan Mu: Chongqing Jiaotong University
Yiqi Lee: Chongqing Jiaotong University

A chapter in Proceedings of the 24th International Symposium on Advancement of Construction Management and Real Estate, 2021, pp 2033-2041 from Springer

Abstract: Abstract In recent years, a series of policies have been issued from the central government to the local government, and the development of prefabricated buildings has entered a new era. However, in the process of development, it still faces major challenges such as high cost and low market share. In response to the national call, explore the importance of government subsidies to the development of prefabricated buildings. Through in-depth study and review of relevant literatures on the impact of government subsidy policies on the development of prefabricated buildings in China, this paper found that most scholars studied them on the basis of game theory, while a few scholars explored them from the perspectives of management economics and sensitivity analysis. It can be concluded from the literature that effective government incentive mechanism has a significant impact on the development of prefabricated buildings, and reasonable government subsidy policy is of great significance to promote the development of prefabricated buildings. However, scholars’ research is almost confined to the theoretical aspect, and the specific implementation details are not mentioned. At the same time, there are few scholars who study from multiple perspectives. All these make the relevant government departments lack a more comprehensive and systematic reference basis when formulating and implementing subsidy policies, and the domestic research needs to be in-depth.

Keywords: Government subsidies; Prefabricated buildings; Research review (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-15-8892-1_142

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DOI: 10.1007/978-981-15-8892-1_142

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