Sustainable and Optimal “Uniqueness” Contract in Public-Private Partnership Projects of Transportation Infrastructure
المؤلفون المشاركون
Zhu, Yingjun
Gao, Zhitong
Li, Ruihai
المصدر
Discrete Dynamics in Nature and Society
العدد
المجلد 2020، العدد 2020 (31 ديسمبر/كانون الأول 2020)، ص ص. 1-14، 14ص.
الناشر
Hindawi Publishing Corporation
تاريخ النشر
2020-12-18
دولة النشر
مصر
عدد الصفحات
14
التخصصات الرئيسية
الملخص EN
To control the “uniqueness” risk in Public-Private Partnership (PPP) projects of transportation infrastructure, we design a simplified “uniqueness” contract model by incorporating the impact of the initial investment which is based on the Bertrand model.
The nonlinear programming method is adopted to derive the optimal “uniqueness” contracts for incumbent private capital, the public, and the social welfare, respectively.
The simulation results show that the achievement of the optimal “uniqueness” contract is essentially the result of a compromise between the private capital, the public, and social welfare.
The extent to which such a contract reduces the probability of “uniqueness” risk mainly depends on the equilibrium relation between the interests of private capital and the public.
The initial investment is not related to the government default when the contract does not take into account the interests of the private capital.
Furthermore, the “uniqueness” contracts between private capital and the government are mainly for anticompetitive purpose in the PPP market of transportation infrastructure.
Unless the contract terms focus on the improvement of social welfare, entering a “uniqueness” contract will cause social welfare losses.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Zhu, Yingjun& Gao, Zhitong& Li, Ruihai. 2020. Sustainable and Optimal “Uniqueness” Contract in Public-Private Partnership Projects of Transportation Infrastructure. Discrete Dynamics in Nature and Society،Vol. 2020, no. 2020, pp.1-14.
https://search.emarefa.net/detail/BIM-1153320
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Zhu, Yingjun…[et al.]. Sustainable and Optimal “Uniqueness” Contract in Public-Private Partnership Projects of Transportation Infrastructure. Discrete Dynamics in Nature and Society No. 2020 (2020), pp.1-14.
https://search.emarefa.net/detail/BIM-1153320
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Zhu, Yingjun& Gao, Zhitong& Li, Ruihai. Sustainable and Optimal “Uniqueness” Contract in Public-Private Partnership Projects of Transportation Infrastructure. Discrete Dynamics in Nature and Society. 2020. Vol. 2020, no. 2020, pp.1-14.
https://search.emarefa.net/detail/BIM-1153320
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references
رقم السجل
BIM-1153320
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر