| The transaction in the construction market is based on credit, creditbodies are interconnected and interrelated in the construction market inthe form of "credit chain". The stability degree of "credit chain" resultsdirectly in the overall credit level of the construction market. This paperchooses the "credit chain" of the construction market as the researchobjective to provide a theoretical basis for the analysis of the constructionmarket credit system and the design of the construction market creditinstitutions, therefore, promotes the overall construction of the creditsystem of the construction market.First of all, the study summarizes the research findings in credit,construction market credit and credit chain, defines the concept of creditchain which consists of credit body and credit relationship, analyses theconstitution factors and form of the credit chain in the constructionmarket.Secondly, the paper sets up a quantitative model for the entropyanalysis of the credit chain, in which the stability degree of the creditchain is shown by the entropy, the entropy value of the credit chain isequal to the number of nodes and keys, the variable function of creditmeasurement or key intensity. Based on the analysis of the entropy modelof the credit chain, the study points out that the credit chain has addability, transmit ability,bucket effect and evolve ability etc., andconcludes that from the angle of credit chain, the construction marketcredit is an entire system in which the client credit has the most impacton the credit chain, and the emergence of the new transaction way is akind of the indication of the credit chain evolution in the constructionmarket.Furthermore, by means of specialization and transaction theory,game theory and economic evolution theory, the paper analyses anddescribes the evolution and optimization mechanism of the credit chain in the construction market from different angles.Finally, the study concludes the development and evolution historyof the credit and credit chain in the construction market of the country,combined with the current transaction methods in the construction market,conducts a case study of the credit chain in the construction market. |
