运筹与管理2017，Vol.26Issue(12)：1-8,8.DOI:10.12005/orms.2017.0279
PPP项目中政府补偿与社会资本投资运营决策研究
Impacts of Government Subsidies on Investment and Operation Decisions in Public-private Partnerships
摘要
Abstract
This paper analyzes the impact of government subsidies on the investor 's investment and operation decisions in public-private partnership projects from the view of the private investor .By dividing the government subsidies into three classes and by employing the real option theory to build models , the investment threshold and exit threshold are obtained .The case study demonstrates that the exit threshold is lower than the project 's cost under operation period and the investment threshold is higher than the exit threshold under investment threshold when subsidies are taken into account .Moreover, as government subsidies increase , so the threshold of invest-ment and exit would decrease strictly .关键词
公私合营/政府补偿/实物期权/投资运营Key words
public-private partnership/government subsidy/real options/investment and operation分类
管理科学引用本文复制引用
曹启龙,周晶,盛昭瀚..PPP项目中政府补偿与社会资本投资运营决策研究[J].运筹与管理,2017,26(12):1-8,8.基金项目
国家自然科学基金重大项目《重大基础设施工程决策分析与决策管理研究》(71390521) （71390521）
