Abstract

Large-scale highway construction projects present a principal-agent relationship chain at two levels and have four stakeholders under the deputy construction system, and the effect of cooperation among the stakeholders are deeply influenced by the incentive mechanism. Based on the principal-agent theory, the article analyzed gamble models between government and project owners, project owners and supervisors from the perspective of behavior and benefit, and established corresponding incentive mechanisms according to different management stakeholders in large-scale highway construction projects.

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