Abstract

The supervision of collusion behavior in the government procurement is discussed in this paper. The parallel collusion game model between suppliers and the vertical collusion game model between suppliers and procurement departments are respectively constructed. The Nash equilibrium solution of the parallel collusion model is analyzed. For no Nash equilibrium in the vertical collusion game model, then the mixed strategy equilibrium is analyzed. The relations between the monitoring and inspecting probability, punishment (fines and long-term loss) and collusion strategy are explained. The exchangeability between monitoring strategy and punishment is verified. Summarize models' optimal strategy solution, and on this basis, point out relevant policy suggestions.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.