Study On Risk Sharing Of Qili Ancient Town Project Under PPP Mode

With the trend of China's economic development from high-speed growth to high-quality growth gradually becoming clear,the demand of economic society for high-quality projects that can produce greater public benefits is imminent.The characteristic town project has been taking the promotion of regional industrial economic development as the main advantage,so this kind of project has become the high benefit project that the regional government pays more attention to.In this advantageous background,a large number of characteristic town projects have been set up in various regional government departments,and in order to encourage the promotion of such projects,the corresponding advantageous policies and laws have been gradually improved.The essence of PPP model is public-private cooperation.Its advantage is that it can better allocate social financial resources and promote the coordinated development of regional industrial economy.However,the local government's blind confidence in such projects has led to a large number of unqualified projects.According to previous studies on featured towns,the implementation of featured town projects under PPP mode will encounter various high-risk problems,most of which are related to the strong position of government departments.Therefore,the equal status of government departments and private capital becomes the key to solve the risk problem of characteristic town projects under the PPP model.In view of this,this paper will use modified Shapley value model and bargaining game model on the basis of cooperative game and dynamic game to study the problem of risk sharing of featured town project.Based on the previous research on the risk management of characteristic small town projects,this paper carries out the risk sharing problem,which is divided into 6 parts.The first part of this paper elaborates the research background and significance of risk sharing.Through the research and analysis of domestic and foreign literatures,it is found that there is a lack of scientific quantitative analysis on the risk sharing of characteristic small town projects under the domestic PPP model.The second part elaborates the relevant theoretical basis of the characteristic town project under the PPP model.The third part USES literature research and expert survey to identify the risk factors of featured small town projects under PPP mode and establishes the risk list of featured small town projects.Then,the factor analysis method is used to carry out the questionnaire survey based on the risk list,and the 28 risk factors are screened according to the influence degree to obtain 14 key risk factors.Town in the fourth part firstly based on the characteristics of risk sharing principle to establish a index system of project risk sharing correction,based on the index system of the characteristics of small town,Shapley value model for project risk sharing and TOPSIS model based on entropy weight is sole risk allocation model,and combining the bargaining game model of characteristic town common project to study the main risk sharing.The fifth part makes an empirical analysis of the above risk sharing model and the independent risk sharing model based on entropy weight--TOPSIS model in combination with the qili ancient town project.As for the other eight risk factors,the proportion of the two parties is calculated by taking the risk of expected return not reaching the standard as an example,among which 34.65% is borne by the government and 65.36% is borne by private parties.Based on this,the risk-sharing proportion of other risk factors in the paper is obtained.The sixth part is the summary of the research and the prospect of the future.The innovation of this paper is as follows: firstly,this paper makes a scientific quantitative analysis of the risk-sharing subjects of the 14 key risk factors in this paper by using the entropy weight--TOPSIS evaluation model;secondly,it makes a scientific calculation of the risk-sharing proportion by using the bargaining game model and the modified Shapley value model.The above research methods scientifically solve the problem of unreasonable risk sharing in the main body of characteristic town project.