Download - Abstract Game

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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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