基于讨价还价理论的PPP项目融资风险分担研究
(长沙理工大学交通运输工程学院,湖南 长沙 410114)
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摘要:近年来PPP模式在基础设施建设领域中得到广泛应用,其中政府与私营企业采用PPP模式修建基础设施的融资风险分担是研究热点。在总结PPP模式融资风险分担文献的基础上,探讨运用讨价还价模型进行政府部门与私营企业的融资风险分担,利用不同成员对讨价还价的耐受程度,得出耐受程度与参与方的风险利益相关的结论,并通过算例验证其可行性。关键词:基础设施;PPP模式;风险分担;讨价还价模型Abstract:In recent years,PPP mode is widely applied in the field of infrastructure construction,the financing risk sharing research of the government and the private enterprises using PPP model to build infrastructure construction is the hot topic. According to the literatures of the PPP mode of financing risk sharing,discusses how to use the bargaining model to analyze the government departments and the private enterprise financing risk sharing,then uses the degree of tolerance to bargain of different members to conclude that the degree of tolerance is associated with the risk of interests of the parties,finally uses numerical example to verify its feasibility.Keywords:infrastructure;PPP model;risk sharing;bargaining model参考文献[1] A. Ng,Martin Loosemore. Risk allocation in the private provision of public infrastructure[J].International Journal of Project Management,2007,25(1):66-76.[2] Lemos T,Eaton D,Betts M. Risk management in the Lusoponte concession-a case study of the two bridges in Lisbon,Portugal[J]. International Journal of Project Management,2004,22(1):63-73.[3] Darrin Grimsey,Mervyn K.Lewis. Evaluating the risks of public private partnerships for infrastructure projects[J].International Journal of Project Management,2002,20(1):107-118.[4] Bing L,Akintoye A,Edwards P J,etal. The allocation of risk in PPP/PFI construction projects in the UK[J].International Journal of Project Management,2005,23(1):25-35.[5] 邓小鹏,华建革,李启明,等.PPP项目风险分担方式研究[J].建筑经济,2008(12):62-66.[6] 柯永建,王守清,陈炳泉.基础设施PPP项目的风险分担[J].建筑经济,2008(4):31-35.[7] 杜亚灵,尹贻林.PPP项目风险分担研究评述[J].建筑经济,2011(4):29-34.[8] 程连于.PPP项目融资模式的风险分担优化模型[J].价值工程,2009(4):142-145.[9] 陈守科,韦灼彬.大型公共项目融资风险与控制研究[J].中国工程科学,2007(12):57-62.[10] 何涛.基于PPP模式的交通基础设施项目风险分担合理化研究[D].天津:天津大学,2011.[11] 梁晴雪,胡昊,谢忻.国内外典型PPP项目案例研究及启示[J].建筑经济,2015(8):26-30.[12] 刘翠.公路建设PPP模式风险分担关系研究[D].成都:西华大学,2010.[13] 于维生,朴正爱.博弈论及其在经济管理中的应用[M].北京:清华大学出版社,2005.[14] 陈德华.公路交通建设项目的PPP应用模式探讨[J].建筑经济,2015(9):36-38.[15] 杨哲.基于讨价还价理论的企业集团中的利益分配[J].管理工程学报,2015(4):140-144.[16] 许瑞芳.PPP模式在园区基础设施建设实证研究[J].工程经济,2015(6):68-72.[17] 付克耀.讨价还价模型在风险投资中的应用[D].武汉:武汉大学,2005.工程经济,2016(02):68-71