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Recently, Game theory becomes an important tool that can be used to analyze realistic problems of competitive situations in PPP projects. In most existing literature in Game Theory application in PPP-BOT procurement it is assumed that parties involved in the project as players have complete information about the game, i.e. the parties’ payoff, objective functions and utility functions and strategies are assumed to be common knowledge. For static and dynamic games with complete information, the Nash equilibrium and sub game perfect equilibrium are the typical solution ideas, respectively. For static and dynamic games with incomplete information, the Bayesian Nash equilibrium and perfect Bayesian equilibrium are used as solution concepts, respectively.

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Recently, Game theory becomes an important tool that can be used to analyze realisticproblems of competitivesituations inPPPprojects.Inmost existingliteratureinGameTheory application in PPP!"T procurement it is assumed that parties involved in the projectas playershavecompleteinformationabout thegame, i.e. theparties#payoff, objectivefunctionsandutilityfunctionsandstrategiesareassumedtobecommon$no%ledge. &orstatic and dynamic games %ith complete information, the 'ash e(uilibrium and sub gameperfect e(uilibrium are the typical solution ideas, respectively. &or static and dynamic games%ith incomplete information, the !ayesian 'ash e(uilibrium and perfect !ayesiane(uilibrium are used as solution concepts, respectively.


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