{"id":"https://openalex.org/W4408089938","doi":"https://doi.org/10.3390/g16020011","title":"Game Theory Framework for Mitigating the Cost Pendulum in Public Construction Projects","display_name":"Game Theory Framework for Mitigating the Cost Pendulum in Public Construction Projects","publication_year":2025,"publication_date":"2025-03-03","ids":{"openalex":"https://openalex.org/W4408089938","doi":"https://doi.org/10.3390/g16020011"},"language":"en","primary_location":{"id":"doi:10.3390/g16020011","is_oa":true,"landing_page_url":"https://doi.org/10.3390/g16020011","pdf_url":"https://www.mdpi.com/2073-4336/16/2/11/pdf?version=1740975074","source":{"id":"https://openalex.org/S6552842","display_name":"Games","issn_l":"2073-4336","issn":["2073-4336"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Games","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://www.mdpi.com/2073-4336/16/2/11/pdf?version=1740975074","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5055687588","display_name":"Yahel Giat","orcid":"https://orcid.org/0000-0001-7296-8852"},"institutions":[{"id":"https://openalex.org/I192238737","display_name":"Jerusalem College of Technology","ror":"https://ror.org/002kenh51","country_code":"IL","type":"education","lineage":["https://openalex.org/I192238737"]}],"countries":["IL"],"is_corresponding":true,"raw_author_name":"Yahel Giat","raw_affiliation_strings":["Department of Industrial Engineering, Jerusalem College of Technology, Jerusalem 9116001, Israel"],"raw_orcid":"https://orcid.org/0000-0001-7296-8852","affiliations":[{"raw_affiliation_string":"Department of Industrial Engineering, Jerusalem College of Technology, Jerusalem 9116001, Israel","institution_ids":["https://openalex.org/I192238737"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5005889940","display_name":"Amichai Mitelman","orcid":"https://orcid.org/0000-0003-0695-8853"},"institutions":[{"id":"https://openalex.org/I52170813","display_name":"Ariel University","ror":"https://ror.org/03nz8qe97","country_code":"IL","type":"education","lineage":["https://openalex.org/I52170813"]}],"countries":["IL"],"is_corresponding":false,"raw_author_name":"Amichai Mitelman","raw_affiliation_strings":["Department of Civil Engineering, Ariel University, Ariel 4070000, Israel"],"raw_orcid":"https://orcid.org/0000-0003-0695-8853","affiliations":[{"raw_affiliation_string":"Department of Civil Engineering, Ariel University, Ariel 4070000, Israel","institution_ids":["https://openalex.org/I52170813"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5055687588"],"corresponding_institution_ids":["https://openalex.org/I192238737"],"apc_list":{"value":1400,"currency":"CHF","value_usd":1515},"apc_paid":{"value":1400,"currency":"CHF","value_usd":1515},"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.03812579,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"16","issue":"2","first_page":"11","last_page":"11"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10395","display_name":"Construction Project Management and Performance","score":0.9994000196456909,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10395","display_name":"Construction Project Management and Performance","score":0.9994000196456909,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11006","display_name":"BIM and Construction Integration","score":0.9821000099182129,"subfield":{"id":"https://openalex.org/subfields/2215","display_name":"Building and Construction"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T11939","display_name":"Public-Private Partnership Projects","score":0.965499997138977,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/game-theory","display_name":"Game theory","score":0.6129709482192993},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.45195502042770386},{"id":"https://openalex.org/keywords/mathematical-economics","display_name":"Mathematical economics","score":0.44932821393013},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.4162617325782776},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.36904168128967285},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.34584301710128784},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.3298186659812927}],"concepts":[{"id":"https://openalex.org/C177142836","wikidata":"https://www.wikidata.org/wiki/Q44455","display_name":"Game theory","level":2,"score":0.6129709482192993},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.45195502042770386},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.44932821393013},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4162617325782776},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.36904168128967285},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.34584301710128784},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3298186659812927}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.3390/g16020011","is_oa":true,"landing_page_url":"https://doi.org/10.3390/g16020011","pdf_url":"https://www.mdpi.com/2073-4336/16/2/11/pdf?version=1740975074","source":{"id":"https://openalex.org/S6552842","display_name":"Games","issn_l":"2073-4336","issn":["2073-4336"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Games","raw_type":"journal-article"},{"id":"pmh:oai:econstor.eu:10419/330125","is_oa":true,"landing_page_url":"https://hdl.handle.net/10419/330125","pdf_url":"https://www.econstor.eu/bitstream/10419/330125/1/games-16-00011.pdf","source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"doc-type:article"},{"id":"pmh:oai:RePEc:gam:jgames:v:16:y:2025:i:2:p:11-:d:1603972","is_oa":false,"landing_page_url":"https://www.mdpi.com/2073-4336/16/2/11/","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:doaj.org/article:df7b45d39b694cd7acc0dae13eb9c662","is_oa":true,"landing_page_url":"https://doaj.org/article/df7b45d39b694cd7acc0dae13eb9c662","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Games, Vol 16, Iss 2, p 11 (2025)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.3390/g16020011","is_oa":true,"landing_page_url":"https://doi.org/10.3390/g16020011","pdf_url":"https://www.mdpi.com/2073-4336/16/2/11/pdf?version=1740975074","source":{"id":"https://openalex.org/S6552842","display_name":"Games","issn_l":"2073-4336","issn":["2073-4336"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Games","raw_type":"journal-article"},"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":false},"content_urls":{"pdf":"https://content.openalex.org/works/W4408089938.pdf"},"referenced_works_count":59,"referenced_works":["https://openalex.org/W569242832","https://openalex.org/W1181878987","https://openalex.org/W1591807328","https://openalex.org/W1674946081","https://openalex.org/W1815034845","https://openalex.org/W1966914857","https://openalex.org/W1985060877","https://openalex.org/W1999386831","https://openalex.org/W2015527784","https://openalex.org/W2016211389","https://openalex.org/W2018868979","https://openalex.org/W2018978794","https://openalex.org/W2045249324","https://openalex.org/W2094862303","https://openalex.org/W2097418040","https://openalex.org/W2117751446","https://openalex.org/W2159211286","https://openalex.org/W2166272367","https://openalex.org/W2469124637","https://openalex.org/W2519536194","https://openalex.org/W2536538677","https://openalex.org/W2602524608","https://openalex.org/W2603586264","https://openalex.org/W2765993502","https://openalex.org/W2766165781","https://openalex.org/W2766216285","https://openalex.org/W2789687943","https://openalex.org/W2794374268","https://openalex.org/W2904791176","https://openalex.org/W2921304897","https://openalex.org/W2932009590","https://openalex.org/W2945195908","https://openalex.org/W2956105474","https://openalex.org/W2974102392","https://openalex.org/W2980452814","https://openalex.org/W2986403950","https://openalex.org/W3004988560","https://openalex.org/W3006072425","https://openalex.org/W3033129024","https://openalex.org/W3083954062","https://openalex.org/W3088650210","https://openalex.org/W3102663523","https://openalex.org/W3103255778","https://openalex.org/W3112873111","https://openalex.org/W3113746848","https://openalex.org/W3123664731","https://openalex.org/W3124685250","https://openalex.org/W3128807924","https://openalex.org/W3163056299","https://openalex.org/W3182062138","https://openalex.org/W3210678633","https://openalex.org/W4290564065","https://openalex.org/W4292157289","https://openalex.org/W4312356770","https://openalex.org/W4353092949","https://openalex.org/W4360993851","https://openalex.org/W4365801666","https://openalex.org/W6684577985","https://openalex.org/W6765100695"],"related_works":["https://openalex.org/W4391375266","https://openalex.org/W1502198272","https://openalex.org/W2017540542","https://openalex.org/W2006758266","https://openalex.org/W2066504725","https://openalex.org/W1527813328","https://openalex.org/W2073254488","https://openalex.org/W2104764082","https://openalex.org/W2070530935","https://openalex.org/W1549310245"],"abstract_inverted_index":{"The":[0,145],"coexistence":[1],"of":[2,71,147,161],"the":[3,10,19,25,29,45,49,54,68,73,76,79,94,104,121,158],"winner\u2019s":[4],"curse":[5],"and":[6,53,57,78,86,100,115],"cost":[7,15,139,162],"overruns":[8,140],"in":[9,17,90],"construction":[11],"industry":[12],"implies":[13],"a":[14,39,60,109],"pendulum":[16],"which":[18],"winning":[20,55],"bid":[21],"is":[22,31],"undervalued,":[23],"whereas":[24],"final":[26],"payment":[27],"to":[28,63,82,111],"contractor":[30,77,84],"overvalued.":[32],"We":[33,96],"posit":[34],"that":[35,127],"this":[36,65,148],"results":[37],"from":[38,108],"strategic":[40,122],"interaction":[41],"between":[42,75],"three":[43],"stakeholders:":[44],"public":[46,154],"agency":[47],"(PA),":[48],"project":[50],"manager":[51],"(PM),":[52],"contractor,":[56],"we":[58],"propose":[59],"game-theoretic":[61],"framework":[62],"model":[64],"dynamic.":[66],"In":[67],"current":[69],"state":[70],"practice,":[72],"subgame":[74],"PM":[80,118],"leads":[81],"opportunistic":[83],"behavior":[85],"lenient":[87],"supervision,":[88],"resulting":[89],"increased":[91],"costs":[92],"for":[93],"PA.":[95],"analyze":[97],"how":[98,153],"procedural":[99],"cultural":[101],"interventions":[102],"by":[103,141],"PA,":[105],"specifically":[106],"shifting":[107],"low-bid":[110],"an":[112],"average-bid":[113],"auction":[114],"incentivizing":[116],"stricter":[117],"oversight,":[119],"alter":[120],"equilibrium.":[123],"Our":[124],"findings":[125,146],"indicate":[126],"while":[128],"each":[129],"change":[130],"alone":[131],"provides":[132],"limited":[133],"improvement,":[134],"implementing":[135],"both":[136],"significantly":[137],"reduces":[138],"aligning":[142],"stakeholder":[143],"incentives.":[144],"analysis":[149],"provide":[150],"insight":[151],"into":[152],"agencies":[155],"can":[156],"mitigate":[157],"widespread":[159],"problem":[160],"overruns.":[163]},"counts_by_year":[],"updated_date":"2026-05-06T08:25:59.206177","created_date":"2025-10-10T00:00:00"}
