Journal of Shanghai University(Natural Science Edition) ›› 2019, Vol. 25 ›› Issue (4): 612-624.doi: 10.12066/j.issn.1007-2861.2077

• Research Articles • Previous Articles     Next Articles

Analysis of stability of “The Belt and Road” PPP infrastructure projects cooperation based on evolutionary game

Guanghong MA(), Chengyi BAO, Erfang SHAN   

  1. School of Management, Shanghai University, Shanghai 200444, China
  • Received:2018-06-19 Online:2019-08-30 Published:2019-09-04
  • Contact: Guanghong MA E-mail:ma_guanghong@aliyun.com

Abstract:

Stability of PPP (public-private-parternship) infrastructure cooperation directly affects benefits of public sector and social capital. Based on the complexity of PPP infrastructure system and diversity of stakeholders of “The Belt and Road”, evolution game theory is used to build a tripartite model of host government, Chinese enterprises and local public to analyze the main factors influencing cooperation stability of PPP projects. Moreover, the evolution path and numerical simulation of infrastructure projects are carried on with Matlab. Research results show that the cooperation stability of PPP infrastructure projects can be improved by a higher expected investment income, effectively controlling bidding costs, strengthening the policy support from the host government, increasing international attention of PPP infrastructure and appropriately reducing social welfare and benefits to the public by host government and Chinese enterprises.

Key words: “The Belt and Road”, international infrastructure cooperation, PPP (public-private-partnership) model, evolution game

CLC Number: