制度变迁视角下重大基础设施投融资模式演进

发布时间：2018-09-17 06:32

【摘要】：针对重大基础设施投融资制度变迁及模式演进问题,在分析相关制度发展阶段的基础上,应用演化博弈理论,构建政府-市场二元重大基础设施投融资演化博弈模型.结合系统仿真技术,分析了政府决策水平、市场投资意愿、市场投资额度、重大基础设施投资收益率和风险损失的变化,对政府、市场的演化稳定策略和双方的混合策略的影响.研究发现,政府的政策制度和决策水平与市场投资意愿之间存在反馈作用,且它们与市场投资能力、重大基础设施投资收益和风险等因素一起影响投融资模式的演进,演进路径的决定性因素是制度变迁路径的选择.
[Abstract]:In view of the problems of institutional changes and model evolution of major infrastructure investment and financing, based on the analysis of relevant institutional development stages and applying evolutionary game theory, this paper constructs an evolutionary game model of government-market dual major infrastructure investment and financing. Combined with the system simulation technology, the paper analyzes the changes of government decision-making level, market investment willingness, market investment quota, major infrastructure investment return rate and risk loss. The influence of the evolutionary stabilization strategy and the mixed strategy of both sides. It is found that there is a feedback effect between the policy system and decision-making level of the government and the willingness to invest in the market, and together with the market investment capacity, the income and risk of major infrastructure investment, and so on, they influence the evolution of the investment and financing model. The decisive factor of evolution path is the choice of institutional vicissitude path.
【作者单位】：同济大学经济与管理学院;
【基金】：国家自然科学基金重大项目(71390523);国家自然科学基金(71471136) 中央高校基本科研业务费专项基金(1200219199)
【分类号】：F283

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