Title :
The Three-Stage Game between Contractor, Supervisor and Owner
Author :
Tong Zeping ; Hu Zhigen
Author_Institution :
Manage. Sch., Wuhan Univ. of Sci. & Technol., Wuhan, China
Abstract :
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.
Keywords :
game theory; operations research; contractor; game theory; probability; supervisor; Bayesian methods; Contracts; Economics; Educational institutions; Game theory; Games; Industries;
Conference_Titel :
Management and Service Science (MASS), 2011 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-6579-8
DOI :
10.1109/ICMSS.2011.5998230