The Research on Asymmetric Information Measurement in Engineering Bidding Market Based on D-S Theory

Engineering bidding transaction market exists extensively asymmetric information. According to the information economics point of view, information asymmetric extremely easily leads to the moral hazard and adverse selection, which will cause project value can't get a real reveal in engineering...

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Bibliographic Details
Published inApplied Mechanics and Materials Vol. 256-259; pp. 3024 - 3027
Main Authors Zou, Zu Xu, Deng, Yan Bing
Format Journal Article
LanguageEnglish
Published Zurich Trans Tech Publications Ltd 01.01.2013
Subjects
Measurement
D-S Theory
Engineering Bidding Market
Asymmetric Information
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Summary:Engineering bidding transaction market exists extensively asymmetric information. According to the information economics point of view, information asymmetric extremely easily leads to the moral hazard and adverse selection, which will cause project value can't get a real reveal in engineering bidding. Therefore, the project bidding on the trade market for the asymmetric information research has strong theoretical value and practical significance. this paper tries to use the method of evidence theory to have a certain extent measure in engineering bidding market of asymmetric information, in order to enrich the content of the bidding market research field, and provide a decision-making reference for relevant departments.
Bibliography:Selected, peer reviewed papers from the 2nd International Conference on Civil Engineering and Transportation (ICCET 2012), October 27-28, 2012, Guilin, China
ISBN:9783037855652
3037855657
ISSN:1660-9336
1662-7482
1662-7482
DOI:10.4028/www.scientific.net/AMM.256-259.3024