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Research on the Incomplete Message Static Game in Engineering Bidding
Author(s): 
Pages: 269-274
Year: Issue:  4
Journal: Journal of Liaoning Institute of Technology(Natural Science Edition)

Keyword:  biddingstatic gamecomposite base bidthe lowest bid after the review;
Abstract: The bidding mechanism and basic procedures are applied to foreign construction bidding market for a long time, With the aid of methods such as the incomplete message static game theory, composite base bid and the lowest bid after the review, the corresponding static game model is built in order to analyze the inherent contradictions in the construction market, straighten the interests chain in the construction market, analyze the trading mechanism in the construction market and further specify the participants’ economic behaviors of the various construction market on the clear theory chain. At last under the premise of guaranteeing the project quality and engineering budget in control, the engineering cost is the lowest and the social resources are allocated effectively and reasonably.
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