NDLI: Incentive mechanism analysis for government to regulate public-private partnerships in infrastructure administration

Content Provider	IEEE Xplore Digital Library
Author	Ren Zhi-tao Zhang Rui
Copyright Year	2009
Description	Author affiliation: Management Engineering Department, Tianjin Institute of Urban Construction, China, 300384 (Ren Zhi-tao; Zhang Rui)
Abstract	Infrastructure public-private partnerships refer to a kind of loose policy. Private sector brings more benefit and higher efficiency than public department in the aspect of public service provision. Public-private partnerships mainly depend on the legal procedures and contracts between government and private sector, which indicates the importance of government supervision. There exists information asymmetry because of industry cost, demand condition and effort level of cost reduction. From the perspective of government supervision and motivation under public-private partnerships, the paper studies the objective function for government and private sector under information asymmetry, government incentive system, and optimum incentive approach for government administration in the infrastructure industry. Importance of incentive mechanism establishment for government to regulate infrastructure industry is also discussed in the paper.
Starting Page	2179
Ending Page	2183
File Size	183384
Page Count	5
File Format	PDF
ISBN	9781424439706
DOI	10.1109/ICMSE.2009.5317609
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2009-09-14
Publisher Place	Russia
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Law Government incentive mechanism Conference management public-private partnerships Road transportation Engineering management government regulation Pricing Cost function Legal factors Contracts infrastructure industry Information theory
Content Type	Text
Resource Type	Article

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