Exploring Stakeholders in Elderly Community Retrofit Projects: A Tripartite Evolutionary Game Analysis

Abstract

Renovating aging housing is a critical project at the grassroots of social governance and a significant aspect of public welfare. However, renovation processes often encounter difficulties due to conflicts among muti-level stakeholders, influenced by multiple factors. This paper investigates the stakeholders involved in Elderly Community Retrofit Projects (ECRPs), categorizing them into three primary groups: government organizations, renovation enterprises, and elderly families. Through the study of evolutionary game models, it was found that bounded rational actors continually adjust their optimal strategies in response to environmental changes. The government occupies a central role among stakeholders involved in ECRP. During renovation processes, governments and enterprises should provide elderly households with material or other welfare subsidies as much as possible to promote their active cooperation and participation. The integrity of enterprises is closely tied to the strength of governmental enforcement measures; hence, governments should establish a unified standard system, clarify regulatory content, and foster the orderly development of ECRPs.