Research On Income Distribution Of PPP Projects In Characteristic Towns

As a new node connecting urban and rural space,a new model of new-type urbanization and a new driving force to boost the economy,characteristic towns play an indispensable role in accelerating regional innovative development,stimulating economic development potential and unleashing domestic demand.However,the development of characteristic towns needs a large amount of continuous capital,which aggravates the financial burden.It is a new idea to explore the PPP financing of characteristic towns in recent years,which points out a new direction for solving the financing problem of characteristic towns.But the characteristic town of our country belongs to the new thing,is still in the early stage of development;The theory and practice of PPP mode combined with the development of featured towns are not perfect,and there are many problems,especially the income distribution of PPP projects in featured towns is particularly complex.In current practice,the income distribution of many projects is simply handled according to the proportion of capital input,which is lack of scientificity,fairness and rationality.Under the background of PPP projects in featured small towns,this paper studies the income distribution of PPP projects in featured small towns on the basis of studies on income distribution of PPP projects by domestic and foreign scholars,which has certain theoretical and practical significance.This paper analyzes the operation process,stakeholders,income source mode and income distribution mode of PPP projects in featured small towns by sorting out relevant literature and practical development experience of PPP projects in featured small towns,and selects typical cases for analysis to demonstrate the income distribution of PPP projects in featured small towns.The initial distribution model of Shapley value method and the subsequent modified Shapley value method and bargaining model are proposed and constructed.Finally,the model is applied to practice and some Suggestions are put forward.This paper mainly has the following research conclusions :(1)PPP model can effectively solve the financing problem of featured towns.The characteristics of PPP mode are consistent with the connotation of the construction of featured towns.It is not only reflected in the long-term nature of cooperation,but also reflected in the sharing of benefits and risks of cooperation,so as to bring a stable source of funds for featured towns.(2)The characteristics of PPP mode of featured towns have taken into account the basic characteristics of both.With "risk sharing,revenue sharing" and "facilities and services construction and characteristics of industrial operation combined" two major characteristics.(3)The mode of feasibility gap subsidy is the main mode of PPP projects in featured small towns at present.It is also a neutralization mode with full government payment and market user payment,and a transition from government payment mode to market operation mode for PPP projects in featured small towns.(4)Shapley value distribution method that takes into account correction factors can well reflect the resource investment,risk sharing factors and effort level factors of all parties of the project,which is more reasonable than the traditional Shapley value method.(5)In the negotiation of income redistribution,along with the leading edge of social capital,moral hazard also comes along.Therefore,it is of great importance to strengthen the supervision and information sharing and communication of PPP projects in the whole featured town for the rationality and fairness of income distribution.