What does this research mean for the field?

Integrating multi-agent ultimatum games, the Shapley value, and Nash bargaining provides a robust framework for equitable surplus allocation and sustainable outcomes in high-speed rail public-private partnerships. Novelty: ClaimNovelty.METHODOLOGICAL. Consensus alignment: ConsensusAlignment.NEUTRAL.

What question did this study set out to answer?

The aim is to explore fair and efficient surplus allocation mechanisms in Vietnam's high-speed rail public-private partnerships using game theory.

May 16, 2026The Singapore Economic Review

Surplus Allocation Mechanism in Vietnam's High-Speed Rail Public-Private Partnership: A Game Theoretic Approach

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Authors

TTTran Vu TrungTwitter (United States)BLBui Thi LyForeign Trade University

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Implication

Game theoretic approach identifies mechanisms for equitable surplus distribution in HSR projects, suggesting policy reforms.

Key Points

The aim is to explore fair and efficient surplus allocation mechanisms in Vietnam's high-speed rail public-private partnerships using game theory.
Integrated a multi-agent ultimatum game for initial bargaining under incomplete information.
Utilized the Shapley value for fair cooperative surplus distribution.
Employed Nash bargaining for equitable refinements in negotiations.
Policy recommendations enhance competition among private investors and suggest institutional reforms.
Adaptive contract mechanisms are proposed to ensure sustainable outcomes in HSR projects.
The study highlights the practical application of game theory in infrastructure development contexts.

Cite This Study

Trung et al. (2026) studied this question.

synapsesocial.com/papers/6a080af2a487c87a6a40cf8d https://doi.org/10.1142/s0217590826500165

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Surplus Allocation Mechanism in Vietnam's High-Speed Rail Public-Private Partnership: A Game Theoretic Approach

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Cite This Study

Surplus Allocation Mechanism in Vietnam's High-Speed Rail Public-Private Partnership: A Game Theoretic Approach

Discussion

Member takes

Implication

Key Points

Cite This Study

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