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- W2363065510 abstract "Although the related laws are strict and Chinese government has taken a variety of special measures,corruption or collusion still exists in many government investment projects.Some people who have the fluke mind choose the collusion even under the condition that penalties are much higher than benefits.This irrational behavior can't be explained by the Expectancy Theory and the traditional Game Theory.The main reason is that previous researchers fail to consider the cognitive bias under uncertain risks.Therefore,this paper studies a fundamental research on psychological characteristics to better reflect the reality after considering the Game Theory assumptions. First of all,decision-making actions and psychological characteristics are identified via analyzing the implementation process of Chinese agent construction system and collusion mechanism.The psychological characteristics of collusion actors meet the Prospect Theory.The collusion deterrence model having the bounded rationality assumption is proposed based on Prospect Theory and Game Theory.The Game model's assumptions are adjusted from complete rationality to bounded rationality.Moreover,the implementation process is divided into pilot and implementation stages.Different stages have different model parameters and different mixed strategy equilibriums.A reputation loss coefficient is defined to analyze the effect of reputation on decisions in the process of solving equilibrium.Finally,sensitivity analysis on the model parameters is carried out to estimate the degree of parameter sensitivity.The key variables to reducing collusion are identified. From the results of the equilibrium and sensitive analysis,some suggestions about agent construction supervision are proposed.The government should implement coordinated supervision and differentiation supervision in order to improve the supervision efficiency.Collusion benefit and collusion cost should be controlled at the same time.Combining the mainstream supervision methods with auxiliary supervision methods can improve the effectiveness of supervision deterrence.It is important to fine-tune the collusion deterrence system,as well as prevent corruption and collusion to form the credit system and encourage social supervision." @default.
- W2363065510 created "2016-06-24" @default.
- W2363065510 creator A5085147432 @default.
- W2363065510 date "2013-01-01" @default.
- W2363065510 modified "2023-09-23" @default.
- W2363065510 title "Government Investment Projects' Collusion Deterrence Model Based on Prospect Theory" @default.
- W2363065510 hasPublicationYear "2013" @default.
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