Research On The Mode Of Incentive Regulation Of Public-Private Partnership(PPP)

With the development of economy and society,public products and services supplied by the government is increasingly difficult to meet the growing social needs. Therefore,the government actively introduces the PPP model, and makes full use of the advanced technology as well as management experience of social capital to alleviate the supply pressure,then improves the supply efficiency of public products and services.The enterprise cooperation need both sides height in the PPP model of rule of law spirit and the spirit of contract, not a sound PPP equivalent system of rule of law is still can not adapt to investment,long project time needed for the PPP project of rule of law environment, The government, as a partner, lacks the spirit of equality, freedom, cooperation and mutual benefit required for non ?governmental cooperation. The publicity and sociality of the infrastructure involved in the PPP project also determines that PPP, as a provider of public products or services, is directly related to the social public interest. Therefore, it is necessary to strengthen the supervision of PPP and to build an efficient and feasible regulatory model.The essence of the PPP model is cooperation, that is to say, the two sides use their own advantages to achieve the most products or services based on the least resources in order to cooperate in this consent. For the supervision of PPP, it also needs to find a model with minimum resources to obtain the best regulatory effect. Thus, this paper presents the PPP regulatory model with incentive as its core.This paper firstly discusses the existing PPP regulation model and systematically studies the existing regulations of PPP in China, as well as teases the existing regulation system. It also points out the institutional defects and the lack of incentive of the existing PPP regulation model, which is showed as regulatory and legislation lag, the concept of government regulation, undeveloped regulatory system and regulatory approach, lack of internal government regulation, lack of public participation and cooperation.The second part of the article takes examples from the theory of the legal incentive function and the incentive theory of principal and agent,and makes a theoretical proof of PPP incentive regulation model, then puts forward the concept and connotation of PPP incentive regulation model. Through legislation as the guide,the regulatory model will be built which government,social capital and the public all participate in to meet the government and the expected utility of social capital in order to achieve maximum social welfare.The third part of the article from the necessity and feasibility aspects of PPP incentive regulatory model in the reality. It is necessary to explain the PPP incentive regulatory model through the characteristics of PPP itself and its regulatory characteristics. By investigating the incentive measures of advanced countries in the region and analyzing the internal and external conditions of PPP supervision in China, it shows that the PPP incentive model is feasible.The last part of the article is a concrete idea of the PPP incentive regulatory model. This paper explains the PPP incentive model through the four aspects of the purpose, principle,consideration and concrete measures,and put forward the concrete policy suggestions.