Research Of The Business Highway Asset Transfer Based On Cooperative Game Theory

Under the condition of market economy, highway asset as a kind of special assets has entered the market, more and more non-public capital participates in the construction and operation of highway project. These domestic and foreign economic organizations set up a special project company to manage highway project from construction to the end of charter period, mainly for the purpose of economic benefits. But in actual operation process, a lot of project companies have financial losses because of a variety of internal or external cause. This paper puts forward a solution for how to minimize the project company losses and improve the social benefit, the solution is that the government gives a certain economic compensation to the project company when the concession period hasn't finished, the project company gives franchise back to the government, and state transportation departments unified management highway.In the solution to the problems, the determination of the assets transferring value becomes a key issues, it is linked to the interest game between the government and the project company, and whether the method of the game can be smooth implemented. This paper analyzes the characteristics of the profit-making highway asset and risks of franchising project, puts forward a train of thought which can make the government and the project companies try to achieve win-win; It gives some two-person bargain game basic settings and factor analysis for the profit-making highway, and then builds a two-person bargain game model, researches the K-S solution of the model; This paper also does the quantitative research of several important parameters in the cooperative game theory model, including franchise period traffic flow forecasting methods, calculation method of company's losses value and calculation method of project's social benefits. Through the research of these methods, this paper solves the problem that the government how to compensate.Finally, this paper takes the profit-making highway asset transfer value calculation through empirical analysis, verifies the practicability and validity of the method and model. This paper's research results provides a new thinking and new methods for solving profit-making highway asset transfer. These theories, model and methods have certain theoretical and practical value.