The Study On The Game Of Project Payment’s Related Entities

China’s construction industry, as a pillar industry of the national economy, is notonly to promote the development of the national economy as a whole, but also topromote the comprehensive development of society as a whole. But after threedecades of reform and opening up, great changes have taken place in the system ofChina’s economy. The scale of construction is larger than before, the not matureconstruction market operation mechanism, and the large scale of migrant workers, andso on. Various reasons gave birth to an economic phenomenon of the project paymentarrears, which has become a serious problem in the area of China’s construction. Witha lot of “unfinished project”,“beard engineering” in construction market, it hasseriously affected the quality and safety of the construction, as well as the healthydevelopment of the construction industry. Large arrears of wages for workers,resulting in a lot of events among workers, shaking the normal development andstability of our society, distorting social credit, hindering the pace of constructionlegal system and clean government, and seriously undermining the normal order ofthe trading market and social economic order. Therefore, the control mechanism ofthe project payment arrears is extremely urgent.The projects research is of great significance in various aspects, such as,regulating the economic order of the construction market and safeguarding thefundamental interests of the people, maintaining social stability, and promoting thehealthy development of the construction industry and the national economy, and soon.This article consists of the following parts, the first part is the introduction, whichproposes the background and significance of the creation, and gives a briefintroduction of the research status both at home and abroad; The second part is thetheoretical base, including principal-agent theory, game theory, repeated game theoryand so on; The third part defines the concept of project payment arrears, and analysesits causes, features and its harms; The fourth part of the paragraph starts gamebetween the related entities of project payment, and obtains conclusions of the game,laying the foundation for the next part of the solutions; The fifth part puts forward relevant resolution mechanism, solutions, and relevant proposals; The sixth part is asummary of this article, proposing the lack of and outlook of the article.