Research on the Owner´s Incentive Mechanism under Incomplete Information

This paper analyzes the influence of decision made by engineer about information gathering to owner´s payment under the uncertainty of the fee for the unit supervising time based on the game theory. Research results indicate that there is a correlation among the owner´s payment and the fee for the unit supervising time and the engineering´s information. Further analytical results show that the engineer can select the most optimum working time based on the information gathered.