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Analysis of Private Investors Conduct Strategies by Governments Supervising Public-Private Partnership Projects in the New Media Era

Author

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  • Guangbin Wang

    (Department of Construction Management and Real Estate, School of Economics and Management, Tongji University, Shanghai 200092, China)

  • Yingxia Xue

    (Department of Construction Management and Real Estate, School of Economics and Management, Tongji University, Shanghai 201804, China)

  • Mirosław Jan Skibniewski

    (Center of Excellence in Project Management, University of Maryland, College Park, MA 20742-3021, USA
    Institute for Theoretical and Applied Informatics, Polish Academy of Sciences, 44100 Gliwice, Poland
    Department of Construction Engineering, Chaoyang University of Technology, Taichung 41349, Taiwan)

  • Jiule Song

    (Department of Construction Management and Real Estate, School of Economics and Management, Tongji University, Shanghai 201804, China
    STEC Marketing and Tender Department, STEC SUCG International Engineering Co., Ltd. Shanghai 200032, China)

  • Hao Lu

    (Department of Construction Management and Real Estate, School of Economics and Management, Tongji University, Shanghai 200092, China
    School of Building Construction, Georgia Institute of Technology, Atlanta, GA 30332-0680, USA)

Abstract

Private investors and governments need to cooperate in public–private partnership (PPP) projects but the private investors may be in pursuit of their own profit by conducting defaulting behaviors which causes various environmental problems and economic risks. However, the information asymmetry between them makes it difficult to supervise the behaviors of private investors. The development of internet and social media creates new environment for the information spread and people are using new media increasingly in the current society, providing an inexpensive and viable way for the public to participate in PPP projects. We constructed a dynamic evolutionary model to analyze the behaviors strategies of governments and private investors in the new media era and then analyzed how important factors influence the behavior trends of governments and private investors. These findings could provide meaningful insight to improve supervision status by using the new media environment and predict the behaviors of governments and private investors in PPP projects, which would be conductive for the governments to supervise the private investors in PPP projects more efficiently.

Suggested Citation

  • Guangbin Wang & Yingxia Xue & Mirosław Jan Skibniewski & Jiule Song & Hao Lu, 2018. "Analysis of Private Investors Conduct Strategies by Governments Supervising Public-Private Partnership Projects in the New Media Era," Sustainability, MDPI, vol. 10(12), pages 1-26, December.
    • Handle: RePEc:gam:jsusta:v:10:y:2018:i:12:p:4723-:d:189781
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    References listed on IDEAS

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    Cited by:

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    2. Lei Gao & Zhen-Yu Zhao, 2020. "The Evolutionary Game of Stakeholders’ Coordination Mechanism of New Energy Power Construction PPP Project: A China Case," Sustainability, MDPI, vol. 12(3), pages 1-24, February.
    3. Xueguo Xu & Tingting Xu & Meizeng Gui, 2020. "Incentive Mechanism for Municipal Solid Waste Disposal PPP Projects in China," Sustainability, MDPI, vol. 12(18), pages 1-16, September.
    4. Jiabao Jing & Xiaomei Deng & Rashid Maqbool & Yahya Rashid & Saleha Ashfaq, 2020. "Default Behaviors of Contractors under Surety Bond in Construction Industry Based on Evolutionary Game Model," Sustainability, MDPI, vol. 12(21), pages 1-28, November.

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