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Incentive Mechanism Analysis for Government to Regulate Public-Private Partnerships in Infrastructure Administration

机译：政府监管基础设施管理公私伙伴关系的激励机制分析

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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.
机译：基础设施公私伙伴关系是指宽松的政策。在公共服务条款方面，私营部门带来了比公共部门更多的好处和更高的效率。公私伙伴关系主要取决于政府和私营部门之间的法律程序和合同，这表明了政府监督的重要性。由于行业成本，需求条件和减少成本的努力水平，存在信息不对称。从公私伙伴关系下的政府监督和动机的角度来看，本文研究了政府和私营部门根据信息不对称，政府奖励制度以及基础设施行业政府管理的最佳激励方法的目标职能。本文还讨论了政府奖励机制成立的重要性，以监管基础设施行业。

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