Abstract
Urban renewal is one of the important ways in the urbanization process of China. Compared to the new construction, the rights of stakeholders in urban renewal are more complex and the game is more intense. Based on the principle of maximizing social welfare, this article establishes renewal game model, constructs the utility function to analyze the equilibrium condition of the game, and then puts forward four kinds of urban renewal model, they are, respectively, government direct implementation, residents self-raised, developers’ participation and government and market coordination. Comparative analysis found that the mode of government provides policies and developers participate in with support of the villagers are both likely to achieve win. From the analysis of the comprehensiveness of social and economic, it’s indispensable both to ensure the government policies support the developers’ profit requirement and coordinate the residents to participate in actively. The theoretical model is used in the demonstration of transformation of Lieder village of Guangzhou and expected benefits of government, villagers and developers quantified to be 92.21, 177.93, 3134.04 million Yuan respectively, which meet the pursuit of the economic interests of the parties. The study also confirmed that the three indispensable conditions for the balanced game and successful decisions are fairness of policies government provides, support of the villagers and developers’ financial strength.
This is a preview of subscription content, log in via an institution to check access.
References
Brindley T (2003) The social dimension of the urban village: a comparison of models for sustainable urban development. Urban Des 8:53–65
Bromley R, Tallon A, Thomas C (2005) City centre regeneration through residential development contributing to sustainability. Urban Stud 42(13):2407–2429
Cao K et al (2006) The study on the pattern of the old town rebuilding in Guangzhou—a case of Yuexiu District. J Cent China Normal Univ (Natural Sciences) 2:301–304 (In Chinese)
Chen T (2009) The based on game analysis of the main stakeholders in the inner-city village’s transformation. Xian University of Technology, Xian
Gao M (2012) The countermeasures on the reform of “village in the city” under the perspective of game theory. Xi’an University of Architecture and Technology, Xi’an
Hemphill L, McGreal S, Berry J et al (2002) An aggregated weighting system for evaluating sustainable urban regeneration. Property Res 19(04):353–373
Hunt JG (2006) Forms of participation in urban redevelopment projects. In: Innovations in design & decision support systems in architecture and urban planning, Springer, Berlin, pp 375–390
Lee GK, Chan EH (2008) The analytic hierarchy process (AHP) approach for assessment of urban renewal proposals. Soc Ind Res 89(1):155–168
Lei T et al (2012) Construction of an index system for evaluating the reconstruction of old factory buildings, old villages and old towns. J Anhui Agric Sci 40(21):10955–10957
Li L (2009) The economic analysis of reconstruction of the urban village–take Lieder community for example. Jinan University, Guangzhou
Liang Y. (2009) The research on the mode of compensation and resettlement in Liede Vic Reform Guangzhou: Jinan University
Meng Weihua, Zhu Dajian, Zhou Xinhong (2009) Game model and empirical research on the transformation of the village in City. Lead Theor City 05:13–19
Qu W (2009) Analysis on interest mechanism of urban renewal. Shandong University, Shandong
Wei Z, Jin C (2009) The model design based on government-led, multi-party participation in an orderly pattern of gradual transformation of the old city——Take Bengbu City for example. J Anhui Inst Archit Ind (Nat Sci) 2:30–34 (In Chinese)
Xiong X (2008) Historic district renovation: a sociological perspective. Planners 12 (In Chinese)
Zhong Y, Cao Y (2013) Analyzing the benefits of urban renewal for the renovated regions: a case study of North Bay Culture Wharf in Guangzhou. Urban Insight 1:133–141 (In Chinese)
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2018 Springer Nature Singapore Pte Ltd.
About this paper
Cite this paper
Li, J.F., Wang, Y.S., Lu, N., Du, Y., Zhang, Y., Liu, F.F. (2018). Game Analysis of Stakeholders in Urban Renewal Based on Maximization of Social Welfare. In: Chau, K., Chan, I., Lu, W., Webster, C. (eds) Proceedings of the 21st International Symposium on Advancement of Construction Management and Real Estate. Springer, Singapore. https://doi.org/10.1007/978-981-10-6190-5_75
Download citation
DOI: https://doi.org/10.1007/978-981-10-6190-5_75
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-10-6189-9
Online ISBN: 978-981-10-6190-5
eBook Packages: Business and ManagementBusiness and Management (R0)