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A hybrid model of external environmental benefits compensation to practitioners for the application of prefabricated construction
Environmental Impact Assessment Review ( IF 3.749 ) Pub Date : 2020-01-07 , DOI: 10.1016/j.eiar.2019.106358
Jingyang Zhou; Dandan Ren

As the creators of the external benefits of prefabricated construction implementation, the government, real estate developers, and homebuyers have the right to allocate the external benefits. However, there is no effective quantitative method for achieving this goal. Therefore, this study aims to develop a quantitative analysis model for the reasonable allocation of the external benefits among the creators. The externality theory and bargaining theory were introduced to this study as the research foundation. Through literature review, the environmental benefit quantification index was defined. A bargaining model including Game 1 and Game 2 was designed for determining the external benefits allocation ratios for each player. In Game 1, the government was considered as the agent of homebuyers to conduct the bargaining game with real estate developers. Game 2 reflected the bargaining game process between the government and homebuyers for sharing the ratio of external benefits achieved from Game 1. The powerful position in bargaining game and discount factors of each player were considered as the critical factors influencing the distribution ratio because the value will change with the development of prefabricated construction. A prefabricated construction building was selected as a case to illustrate the applicability of this proposed model. The distribution result is that the government, the real estate developers, and homebuyers should share the external benefits of prefabrication implementation by 38%, 35%, and 27% respectively. This study contributes to aiding the creators to achieve optimal benefits allocation and thus motivates the enthusiasm of practitioners in prefabricated construction implementation.
更新日期:2020-01-07

 

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