Game Analysis on Rent-Seeking Behavior of Three Participants in Overseas Engineering Project

In order to reduce the loss of owner due to the rent-seeking behavior of construction and supervisor in overseas engineering projects, the paper explored the game relationship of the three parties involved by using game theory. The paper founded tripartite game payoff matrix and analyzed Nash equilibrium of mixed strategy game. The results show that, with the increasing probability of the inspection success of owner, the probability of the rent-seeking of construction side is decreased. So does the probability of accepting the rent-seeking of supervisor side. And probability that the supervision side accepts the rent-seeking also promotes the probability of the checking success of owner. For the owner, it is an effective way to reduce interest damage by strengthening the construction of their own team and building effective and perfect incentive mechanism and punishment mechanism.