Decision Making on Government Subsidy for Highway Public-Private Partnership Projects in China Using an Iteration Game Model

Decision Making on Government Subsidy for Highway Public-Private Partnership Projects in China Using an Iteration Game Model

Government subsidy is an important responsibility of fiscal expenditure in public-private partnership (PPP) projects. However, an improper subsidy strategy may cause over-compensation or under-compensation. In this research, an iteration game model combining game theory and real option is establishe...

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Bibliographic Details
Main Authors: Yujie Huang, Hao Hu, Jinjin Chen, Lei Dai
Format: Article
Language:English
Published: University of Zagreb, Faculty of Transport and Traffic Sciences 2021-06-01
Series:Promet (Zagreb)
Subjects:
ppp (public-private partnership)
government subsidy
game theory
real option
decision making
highway case study
Online Access:https://traffic.fpz.hr/index.php/PROMTT/article/view/3567

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