典型文献
Optimal risk allocation in alliance infrastructure projects:A social preference perspective
文献摘要：
The mechanism of risk allocation is designed to protect all stakeholders,and it is vital to project success.Qualitative and quantitative ways of optimizing risk allocation have been well documented in extant literature(e.g.,allocation principles,models,and solutions),and the foci of existing research are usually the maximization of rational utility.Few research has focused on partners'social preferences affecting the output of risk allocation.This study presents a quantitative approach based on modeling alliance member(AM)'s inequity aversion(IA)to analyze risk-sharing arrangements in an alliance project.Fehr and Schmidt's inequity-aversion model is integrated into modeling partner's utility.This paper derives results for an alliance leader(AL)'s optimal risk-sharing ratio and AM's optimal risk-management effort simultaneously.The derivation is based on solving a restrained optimization problem using the conception and methods from Stackel-berg game theory.Results show that an AM's IA significantly affects risk allocation between AL and AM.Specifically,envious preference is positively related to AL's optimal risk-sharing ratio,whereas guilty preference negatively affects AL's optimal risk-sharing ratio.These findings will be of interest to academics and practitioners involved in designing alliance negotiations.
文献关键词：
中图分类号：
作者姓名：
Xiang DING;Qian LI
作者机构：
School of Government,Nanjing University,Nanjing 210023,China;School of Engineering Management,Nanjing University,Nanjing 210023,China
文献出处：
引用格式：
[1]Xiang DING;Qian LI-.Optimal risk allocation in alliance infrastructure projects:A social preference perspective)[J].工程管理前沿（英文版）,2022(02):326-336
A类：
inequity,Fehr,envious
B类：
Optimal,risk,allocation,alliance,infrastructure,projects,social,perspective,mechanism,designed,protect,stakeholders,vital,success,Qualitative,quantitative,ways,optimizing,have,been,well,documented,extant,literature,principles,models,solutions,foci,existing,research,are,usually,maximization,rational,utility,Few,has,focused,partners,preferences,affecting,output,This,study,presents,approach,modeling,member,AM,aversion,IA,analyze,sharing,arrangements,Schmidt,integrated,into,paper,derives,results,leader,AL,optimal,management,effort,simultaneously,derivation,solving,restrained,optimization,problem,using,conception,methods,from,Stackel,berg,game,theory,Results,show,that,significantly,affects,between,Specifically,positively,related,whereas,guilty,negatively,These,findings,will,interest,academics,practitioners,involved,designing,negotiations
AB值：
0.5662
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