The Privatization Of Quasi - Public Goods In China And Its Risk - Averse

Quasi-public good is between private good and public good, share their some characters, and exist in common lives popularly. Because of exterior, partly exclusive and competitive in use and consumption, it likely to cause the malfunction of market and government. To supply the Quasi-public good more effectively, researchers are making effort to build the effective model. And the research experience the process from "invisible hands" theory held by Adam to the "visible hands" held by Keynes. But after the problem of malfunction of market and government takes place, researchers turn their eyes to the new way: Public-private partnershipPublic-private partnership is described as the quasi-public goods supplying model that "take use of non-government agencies as more as possible, and rely on less government to satisfy the need of public." Foreign countries have practiced the theory for 20 years and the experience benefit the practice of our country to get effective achievements. Because country is on the reform and transformation stage, the system is far from sound; the risk is more than foreign countries. They mainly include mechanical risk of "inside control", Soft budget constrain risk in cost budget control, and Rent risk caused from the governmental intervenes. And some risks caused of shorting from regulation, and unsound environment are also existed. They logged the development of Public-private partnership, and distorted its purpose.Our country is dedicated in reform and open. To enhance the competition captivity, in international market, government must take effective measures to play the role of macro-regulator, make all the systems perfect, get rid of the risks in process of Public-private partnership, reach the goal of open, justice and fair.