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Evolutionary game analysis of opportunistic behavior of Sponge City PPP projects: a perceived value perspective
Sponge City Public Private Partnership (PPP) project is a significant step to promote the construction of resilient city and sustainable development. Private companies take advantage of information asymmetry and regulatory loopholes to take opportunistic behavior, which affects the project delivery...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Nature Publishing Group UK
2022
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9132952/ https://www.ncbi.nlm.nih.gov/pubmed/35614166 http://dx.doi.org/10.1038/s41598-022-12830-0 |
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author | Zhao, Hui Liu, Xin Wang, Yiting |
author_facet | Zhao, Hui Liu, Xin Wang, Yiting |
author_sort | Zhao, Hui |
collection | PubMed |
description | Sponge City Public Private Partnership (PPP) project is a significant step to promote the construction of resilient city and sustainable development. Private companies take advantage of information asymmetry and regulatory loopholes to take opportunistic behavior, which affects the project delivery quality and public interests. In order to reveal the decision-making mechanism of the main stakeholders, this paper constructs an evolutionary game model of private companies, citizens and the government from a fresh perspective of perceived value. First, the traditional payoff matrix is modified by combining Prospect Theory and Mental Accounting. Next, this paper analyzes the strategic evolution law and stability conditions of game players by replicated dynamic equation. Finally, Nanganqu project is used for empirical simulation to verify the effectiveness of this model. Results indicate that, (1) due to the complexity of the project and the bounded rationality of the participants, there is no evolutionary stable strategy in this game system. (2) The behavioral decision of participants is affected by perceived incomes and perceived costs. (3) Government punishment and reputation loss can effectively curb the opportunistic behavior. All above studies are expected to improve the management of Sponge City PPP projects, providing theoretical guidance for the government to make scientific decisions. |
format | Online Article Text |
id | pubmed-9132952 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2022 |
publisher | Nature Publishing Group UK |
record_format | MEDLINE/PubMed |
spelling | pubmed-91329522022-05-27 Evolutionary game analysis of opportunistic behavior of Sponge City PPP projects: a perceived value perspective Zhao, Hui Liu, Xin Wang, Yiting Sci Rep Article Sponge City Public Private Partnership (PPP) project is a significant step to promote the construction of resilient city and sustainable development. Private companies take advantage of information asymmetry and regulatory loopholes to take opportunistic behavior, which affects the project delivery quality and public interests. In order to reveal the decision-making mechanism of the main stakeholders, this paper constructs an evolutionary game model of private companies, citizens and the government from a fresh perspective of perceived value. First, the traditional payoff matrix is modified by combining Prospect Theory and Mental Accounting. Next, this paper analyzes the strategic evolution law and stability conditions of game players by replicated dynamic equation. Finally, Nanganqu project is used for empirical simulation to verify the effectiveness of this model. Results indicate that, (1) due to the complexity of the project and the bounded rationality of the participants, there is no evolutionary stable strategy in this game system. (2) The behavioral decision of participants is affected by perceived incomes and perceived costs. (3) Government punishment and reputation loss can effectively curb the opportunistic behavior. All above studies are expected to improve the management of Sponge City PPP projects, providing theoretical guidance for the government to make scientific decisions. Nature Publishing Group UK 2022-05-25 /pmc/articles/PMC9132952/ /pubmed/35614166 http://dx.doi.org/10.1038/s41598-022-12830-0 Text en © The Author(s) 2022 https://creativecommons.org/licenses/by/4.0/Open Access This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) . |
spellingShingle | Article Zhao, Hui Liu, Xin Wang, Yiting Evolutionary game analysis of opportunistic behavior of Sponge City PPP projects: a perceived value perspective |
title | Evolutionary game analysis of opportunistic behavior of Sponge City PPP projects: a perceived value perspective |
title_full | Evolutionary game analysis of opportunistic behavior of Sponge City PPP projects: a perceived value perspective |
title_fullStr | Evolutionary game analysis of opportunistic behavior of Sponge City PPP projects: a perceived value perspective |
title_full_unstemmed | Evolutionary game analysis of opportunistic behavior of Sponge City PPP projects: a perceived value perspective |
title_short | Evolutionary game analysis of opportunistic behavior of Sponge City PPP projects: a perceived value perspective |
title_sort | evolutionary game analysis of opportunistic behavior of sponge city ppp projects: a perceived value perspective |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9132952/ https://www.ncbi.nlm.nih.gov/pubmed/35614166 http://dx.doi.org/10.1038/s41598-022-12830-0 |
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