2007, Volume 9, Issue 7
Strategic Study of CAE >> 2007, Volume 9, Issue 7
Analysis of Owner-designer`s Behavior in Chinese Construction Projects
College of Management, Tianjin University, Tianjin 300072, China
Next Previous
Abstract
In the construction projects invested by Chinese government, the owners are often affected by their personal preference such as taste standpoint or individual achievement when they are making decisions. At the same time, the designer caters to the owner's pleasure for the sake of benefit. As a result, there are too many"face projects" , "achievement projects" in China`s cities. The principal-agent model is used in this article to analyze the change of owners`investment benefit and designers' effort under law-abiding and speculation conditions. It is concluded that the speculation activities can be efficiently reduced by strengthening supervision power and increasing the owners' and the designers' political risk cost.
Keywords
construction industry ; owner ; designer ; behavior ; principal-agent
References
[ 1 ] 张维迎 .博弈论与信息经济学 [M] .上海 :上海人民出版社 ,1997 .408 ~ 413
[ 2 ] Holmstrom M .Aggregation and linearity in the provision of intertemporal incentive [J] . Econometrica , 1987 (55) : 303 ~ 328 link1
[ 3 ] Zhou M ,Wang M .Agency cost and the crisis of China’s Soe [J] .China Economic Review ,2000 :297 - 317 link1
[ 4 ] 张锦秋 . 解读“新焦点”之我见 [J] . 建筑学报 , 2004 ,(8) :46 link1
[ 5 ] 中国工程院土木水利与建筑工程学部编 .我国大型 工程设计的发展方向 [M] .北京 :中国建筑工业出 版社 ,2005 .108 ~ 110
京公网安备 11010502051620号
