| With the rapid development of our economy and the speeding up of urbanization,urban public projects investment scale is insufficient,The lack of government funding and low operational efficiency has given rise to the PPP model of concession.PPP model of concession is widely used in the field of global scope of public projects within a mechanism,this pattern also more and more used in our country’s public project construction,not only can effectively solve the problem of financing difficulty of public projects,reduce the pressure on the government’s financing accordingly,also can make use of the private sector ’s efficient business management experience to improve the efficiency of the operation of the project,and achieve complementary advantages between governments and the private sector,mutually achieve beneficial and win-win state.The rapid development in our country of the PPP model of concession since 2014,at the same time,the application of PPP model of concession in China also drew a series of problems,the success of the PPP project is very important,recent years in our country,there are some successful cases and some failure or unsuccessful cases,because of using the PPP model of concession project.Stakeholders of the PPP franchise project involved in government agencies,public and private investment enterprise.The government hopes the PPP model of concession to make up for the lack of financial capital,at the same time,ensure the project products or services to meet the needs of the public.The public hopes to obtain the high quality product or service and guarantee their own interests.Private investment companies are hoping to obtain higher revenues from the concession project guarantee maximize their own interests.Studies have shown that one of the key elements to make the PPP franchise projects operating smoothly is project product pricing,and concession prices is also the core issue of the PPP project concession agreement negotiations.So set a reasonable pricing is very important.In this paper,the PPP franchise project as the research object,firstly introduced the economic motivation of concession project price regulation.PPP franchise projects generally belongs to public project,therefore the PPP franchise project namely has the general economic characteristics of public project,and the characteristics of the PPP model of concession.The PPP franchise project general economic characteristics include:natural monopoly,quasi public goods and externality.And also has its own special properties,the PPP franchise is a new type of long-term public-private partnership,so reasonable benefit sharing and risk sharing are the typical characteristics of this mode.PPP project of concession monopoly and externality of economic characteristics,showed that the condition of competition is imperfect,this will lead to market failure.This is where the government intervention,need the government to the PPP franchise project price for certain regulation management.And then analyzes in detail the PPP project of concession formation mechanism of price regulation.Secondly based on the basic theory of price regulation model of price include cap model and a detailed analysis of return on investment model,and then focus on analyze the limitations of two basic theory models.So because of the limitation of two basic theoretical models respectively,makes the single kind of price regulation model can apply to the PPP project of concession.And in the practice of the price regulation,government regulation department and enterprise owned by the information asymmetry of is not the same,by regulating enterprise owns the department information is far higher than regulation.Is needed at this time of incentive price regulation,and the incentive mechanism of action of price regulation are analyzed in theory.Finally based on PPP projects for the design of incentive regulation of concession,the PPP project of concession is firstly analyzed in the design of incentive regulation incentive intensity of dilemma under the incentive regulation,rules and regulations both parties must make a trade-off between the excitation intensity and information rent to eventually reach a certain equilibrium under this trade-off.Then analyzed the solution of the asymmetric information in the PPP project of concession,due to the special nature of the PPP project of concession,analysis through contract auction mechanism design to reduce the degree of asymmetric information in the PPP project of concession.Then analyzes the two important incentive regulation model of profit sharing or cost sharing model and hybrid price cap,and the incentive for further analysis,two kinds of incentive mode have very strong incentive,so for the PPP project of concession has certain applicability.And puts forward to the PPP franchise project based on Ramsey pricing model under the price cap regulation,based on the model and analysis of the incentive of the PPP project of concession,it not only has a certain incentive,can improve the efficiency of the operation of the PPP project franchise,Ramsey pricing model also can guarantee on the basis of the social welfare maximization raise the possibility of the PPP franchise project budget balance.This article is based on many scholars research results on the basis of in-depth research,innovation point is put forward using the Ramsey pricing regulation pattern to promote the possibility of the PPP franchising project financial budget balance,at the same time,based on the price cap model will provide a certain intensity of the PPP project of franchising motivational,promote operation efficiency and reduce the cost of the project.This paper also put forward according to the different stages of operations for the price of different incentive mode,adopts the model of return on investment at the beginning of operation,stabilization by Ramsey pricing limit mode for price regulation.At the same time in the incentive mechanism design is put forward through the franchise contract auction mechanism of reasonable design to overcome the adverse effects on the incentive regulation caused by asymmetric information.In this paper,the PPP project mode of franchising price incentive regulation research not only can enrich the theory on public project product prices in China,is also adapt to the needs of the development of market economy in our country,therefore the PPP franchise project price incentive regulation research has certain theoretical significance.As well as to the real application of the PPP franchising project provide some guidance.Due to the author’s pretty good,the research ability is limited,for the PPP project price incentive regulation of franchising research and insufficient. |
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