Benefit Equihbrium and Risk Evading in Highway Franchising
In highway franchise, interest groups mainly include government, consumer and private enterprises. How to balance the benefit of different interest groups and find the equilibrium between the social welfare maximization and profit maximization of private enterprises is the key to the success of highway franchising. Owing to lack of concession legal system, now in China many regions followed a privatize now, regulate later approach, which brings more risks to each group and opportunistic behavior in the franchising process. Through analyzing current situation and the existing problems in Chinese highway franchising, we find that the operation of governments power will have a direct effect on the protection of consumers interest and the investment confidence of private and foreign capital. Then we draw a conclusion that a formal and operable concession law should be enacted as soon as possible to bring a real competition to the reform of highway management. Whats more, the governments should establish a supervision consciousness and clarify the function for each department.
Highway Franchise Bidding Interest Group Investment Risk Evading
CHEN Yuan-yuan CHEN Fu-liang
School of Postgraduate, Jiangxi University of Finance and Economics, P.R.China, 330013 Center for Regulation & Competition, Jiangxi University of Finance and Economics, P.R.China, 330013
国际会议
2007 International Conference on Dtrategic Management（2007年战略管理国际会议）
成都
英文
738-742
2007-04-19（万方平台首次上网日期，不代表论文的发表时间）