Allocation of control rights in the PPP Project: a cooperative game model

3rd International Conference on Advances in Energy, Environment and Chemical Engineering

能源学;生态环境科学;化学工业

Zhang, Yunhua^1,2 ; Feng, Jingchun^1,2 ; Yang, Shengtao^1,2

Business School, Hohai University, Nanjing, Jiangsu

211100, China^1

Institute of Project Management of Hohai University, Nanjing, Jiangsu

211100, China^2

关键词: Allocation model;    Control rights;    Cooperative game;    Optimum allocation;    Ppp projects;    Private sectors;    Professional firms;    Public private partnerships;   

Others  :  https://iopscience.iop.org/article/10.1088/1755-1315/69/1/012075/pdf
DOI  :  10.1088/1755-1315/69/1/012075

学科分类：环境科学（综合）

来源: IOP

【 摘 要 】

Reasonable allocation of control rights is the key to the success of Public-Private Partnership (PPP) projects. PPP are services or ventures which are financed and operated through cooperation between governmental and private sector actors and which involve reasonable control rights sharing between these two partners. After professional firm with capital and technology as a shareholder participating in PPP project firms, the PPP project is diversified in participants and input resources. Meanwhile the allocation of control rights of PPP project tends to be complicated. According to the diversification of participants and input resources of PPP projects, the key participants are divided into professional firms and pure investors. Based on the cost of repurchase of different input resources in markets, the cooperative game relationship between these two parties is analyzed, on the basis of which the allocation model of the cooperative game for control rights is constructed to ensure optimum allocation ration of control rights and verify the share of control rights in proportion to the cost of repurchase.