The Impacts of Deposit and Subsidy Policy for Infrastructure PFI projects

DOI 1 Citations
  • ONISHI Masamitsu
    京都大学大学院工学研究科都市社会工学専攻
  • SHI Lei
    京都大学大学院工学研究科都市社会工学専攻博士後期課程
  • KOBAYASHI Kiyoshi
    京都大学大学院工学研究科都市社会工学専攻

Bibliographic Information

Other Title
  • 独立採算型PFI事業における契約保証金と補助金の影響

Abstract

In this paper, we analyze the economic benefits of the deposit and subsidiary payment policy for infrastructure PFI (Private Finance Initiative) projects. One of the substantial charactersitics of infrastructure PFI projects is existence of externatiliy. SPC (Special Purpose Company) is interested in only their own cashflow. With considerable externality, a socially effcient project can be liquidated by them. In this case, deposit and compensation policy implemented by the government play a role in making an efficient project continue. Under the stochastic value of externality of a project, the policy which is a combination of deposit and subsidiary payment can improve efficiency of the project.

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Details 詳細情報について

  • CRID
    1390282680367051648
  • NII Article ID
    130003821453
  • DOI
    10.2208/procm.12.149
  • ISSN
    18848311
  • Data Source
    • JaLC
    • Crossref
    • CiNii Articles
  • Abstract License Flag
    Disallowed

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