The Three-Stage Game between Contractor, Supervisor and Owner

Using game theory, the paper discusses the collusion between the contractor and supervisor as well as the action of owner. According to the judgment of the probability which the supervisor accepts the contract's bribe, the owner gives his strategy. So supervisor judges the owner's conduct...

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Bibliographic Details
Main Authors: Tong Zeping, Hu Zhigen
Format: Conference Proceeding
Language:English
Subjects:
Bayesian methods
Contracts
Economics
Educational institutions
Game theory
Games
Industries
Online Access:Request full text
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Summary:Using game theory, the paper discusses the collusion between the contractor and supervisor as well as the action of owner. According to the judgment of the probability which the supervisor accepts the contract's bribe, the owner gives his strategy. So supervisor judges the owner's conduct to decide how to do. And then contractor makes the decision whether bribe or not. Therefore, all the strategies of players are discussed.
DOI:10.1109/ICMSS.2011.5998230