The Economics Analysis of Large-Scale Project Organization

Abstract

Large-scale projects have the features that large organization size, complex relationships between the organization and a serious information asymmetry between project participants. This study carries out in-depth economic analysis about large-scale projects organization, based on principal-agent theory and transaction cost theory from the perspective of new institutional economics, at the same time, establish the economic theoretical framework, it has positive significance to the rational design of the project contract and scientific analysis of the construction economic relations.