Analysis of Economic Game Between EPC General Contractor and Subcontractor in Power Engineering
In this paper,game theory is employed to conduct an in-depth study on the behavioral motivations of EPC gen-eral contractors and subcontractors,and a systematic analysis is made of various game models that may occur during the cooperation process between EPC general contractors and subcontractors.It also reveals the essence of the"Prisoner's Di-lemma","Stag Hunt"and unilateral commitment.Finally,this paper introduces credit accumulation and long-term inter-ests,which will affect the decision-making of both the general contractor and the subcontractor in repeated games and a-chieve a"win-win"situation of Pareto efficiency and stable cooperative relationship.This study provides an important basis for the healthy development of the EPC model and the decision-making of cooperative relationships for construction enter-prises.