• ISSN 0258-2724
  • CN 51-1277/U
  • EI Compendex
  • Scopus
  • Indexed by Core Journals of China, Chinese S&T Journal Citation Reports
  • Chinese S&T Journal Citation Reports
  • Chinese Science Citation Database
Volume 19 Issue 6
Dec.  2006
Turn off MathJax
Article Contents
ZHAO Lili, TAN Deqing, HUANG Qing. Pareto Improvement to Return Model in BOT Project[J]. Journal of Southwest Jiaotong University, 2006, 19(6): 769-773.
Citation: ZHAO Lili, TAN Deqing, HUANG Qing. Pareto Improvement to Return Model in BOT Project[J]. Journal of Southwest Jiaotong University, 2006, 19(6): 769-773.

Pareto Improvement to Return Model in BOT Project

  • Received Date: 10 Jan 2006
  • Publish Date: 25 Dec 2006
  • A traditional return model of the BOT project was derived based on the principle-agent theory.Analysis of the mode indicates that the agent(project company) will not chose an action favorable to the principal(government).This is because the traditional contract does not meet the agent’s participation constraint.A Pareto improvement was made to the traditional return model,which makes the model meet the agent’s participation constraint.In the modified model,the agent will choose an action favorable to the principal,while its own return is not affected.

     

  • loading
  • YEO K T,TIONG L K R.Positive management of differences for risk reduction in BOT projects[J]. International Journal of Project Management,2000,18(4):257-265.[2] DAVID A K,FERNANDO P N.The BOT option,conflicts and compromises[J]. Energy Policy,1995,23(8):669-675.[3] KUMARASWAMY M M,ZHANG X Q.Governmental role in BOT-led infrastructure development[J]. International Journal of Project Management,2001,19(4):195-205.[4] LIN Mincheng.Contract design of private infrastructure concessions[D]. Berkeley:University of California,2000.[5] 赵立力,谭德庆,黄庆.BOT项目的可控制风险研究[J]. 中国管理科学,2005,13(5):39-43.ZHAO Lili,TAN Deqing,HUANG Qing.Research on controllable risk in BOT projects[J]. Chinese Journal of Management Science,2005,13(5):39-43.[6] 杨宏伟,何建敏,周晶.在BOT模式下收费道路定价和投资的博弈决策模型[J]. 中国管理科学,2003,11(2):30-33.YANG Hongwei,HE Jianmin,ZHOU Jing.Game decision making model on toll road pricing and investment under a BOT scheme[J]. Chinese Journal of Management Science,2003,11 (2):30-33.[7] 杨宏伟,周晶,何建敏.基于博弈论的交通BOT项目特许权期的决策模型[J]. 管理工程学报,2003,17(3):93-95.YANG Hongwei,ZHOU Jing,HE Jianmin.Decision making model on concession term for traffic BOT project on the basis of game theory[J]. Journal of Engneering Management,2003,17(3):93-95.[8] HO S P.Real options and game theoretic valuation,financing and tendering for investments on build-operate-transfer projects[D]. Urbana-Champaign:University of Illinois at Urbana-Champaign,2001.[9] YANG H,MENG Q.Highway pricing and capacity choice in a road network under a build-operate-transfer scheme[J]. Transportation Research,2000,34A:207-222.[10] 张维迎.博弈论与信息经济学[M]. 上海:上海人民出版社,1996:431-440.
  • 加载中

Catalog

    通讯作者: 陈斌, bchen63@163.com
    • 1. 

      沈阳化工大学材料科学与工程学院 沈阳 110142

    1. 本站搜索
    2. 百度学术搜索
    3. 万方数据库搜索
    4. CNKI搜索
    Article views(1045) PDF downloads(391) Cited by()
    Proportional views
    Related

    /

    DownLoad:  Full-Size Img  PowerPoint
    Return
    Return