Research On Quasi-operational Infrastructure Projects Of Government Regulation Based On Incentive Regulation

With the rapid development of urbanization and the growing demand for urban infrastructure, the government introduces private capital through public-private partnerships to ease the financial pressure on the government. The urban infrastructure will be divided into three categories according to the project distinguish theory, public goods theory and the theory of can operate coefficient. Due to the quasi-operational infrastructure projects both have some public welfare, but also has a charging mechanism and cash inflows, the enthusiasm of the private enterprises and government cooperation is not high, and the service efficiency is low. These problems have seriously hindered the development of infrastructure. A quasi-operational infrastructure project of the government regulatory framework is built based on the basis of the theory of incentive regulation so as to effectively improve the efficiency of government-enterprise cooperation in this paper.Firstly, the project distinguishes theory, the public-private partnership theory and the government economics theory is systematically expounded, the meaning of incentive regulation theory and the importance of government regulation is also analyzed. Secondly, the situation of infrastructure and government regulation is described, problems of government regulation and government incentives are proposed. The design of incentive regulation model is the core of the matter, which model is based on information economics and agency theory of the above. The model is constructed by private units involved in the constraint function and incentive compatibility function, and then analysis the optimal incentive coefficient of government,then select the best contract in order to achieve the incentive regulation. Finally, the policy section is proposed, the design starts from two directions: government regulatory system and incentive regulation mechanism, the regulatory mechanism design of government regulators set, legislative building, access system, the process of price, quality of service, the exit mechanism, after the evaluation system, information platform and public participation platform settings is put forward. The incentive and restraint mechanism is proposed from the point of regulators and the regulated. Perfect incentive regulatory mechanism can keep the project operate high efficiency and stable operation, improve efficiency and service levels, realize mutual benefit among the government, enterprise and public.