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

In: Proceedings of the 19th International Symposium on Advancement of Construction Management and Real Estate

Author

Listed:
  • Chunjing Shang

    (Hainan University)

  • Chang Xing

    (Dalian University of Technology)

  • Xueqing Wang

    (Tianjin University)

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.

Suggested Citation

  • Chunjing Shang & Chang Xing & Xueqing Wang, 2015. "Game Theory Analysis on Credit Management of Personnel Qualification in Construction Market in Hainan," Springer Books, in: Liyin Shen & Kunhui Ye & Chao Mao (ed.), Proceedings of the 19th International Symposium on Advancement of Construction Management and Real Estate, edition 127, chapter 0, pages 925-933, Springer.
    • Handle: RePEc:spr:sprchp:978-3-662-46994-1_76
    DOI: 10.1007/978-3-662-46994-1_76
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