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The Game Analysis of Insurance Funds to Participate in the PPP Earnings Distribution

Received: 31 October 2019    Accepted: 28 November 2019    Published: 10 December 2019
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Abstract

The long-term and stable nature of insurance funds and the long-term demand of PPP projects for funds are naturally in line with each other. In the future, there is still great potential for insurance funds to deeply participate in PPP projects and serve the development of real economy. According to the current development rate, the available scale of insurance funds during the 13th five-year plan period will reach 20 trillion yuan, which not only provides sufficient sources of funds for insurance funds to participate in PPP projects. At the same time, it also creates a good condition for the insurance fund to conduct financing and service innovation in combination with the characteristics of PPP projects. The participation of insurance funds in PPP projects has become an important issue in the current development, but the earnings in the cooperation between the two sides need to be fully discussed and analyzed to avoid a series of problems caused by unreasonable distribution. Based on the current developing situation of insurance funds participating in PPP projects, this paper conducts two-party game analysis and three-party game analysis according to the classification of complete information condition and incomplete information condition. Through conditional assumption, model establishment and solution, the reasonable proportion of insurance enterprises, public sectors and project companies under different circumstances is obtained, and policy suggestions on promoting insurance funds to participate in PPP model are put forward.

Published in International Journal of Business and Economics Research (Volume 8, Issue 6)
DOI 10.11648/j.ijber.20190806.25
Page(s) 452-457
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Insurance Fund, The PPP, Complete Information Game, Incomplete Information Game

References
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[6] Yong Yuan, Shaohua Xie, Insider action research: a new methodology integrating researchers and practitioners [J]. Research on modern distance education, 2016.
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[10] Mingjing Zhao, Performance analysis of insurance capital market investment in China [D] Lanzhou business school, 2011.
[11] Hengchang Wei, Study on risk sharing of PPP urban infrastructure project based on game theory [D] Wuhan university of technology, 2011.
[12] Wenjun Sun, A study on the coordination of contract subjects under asymmetric information in large-scale construction projects [D] Xi 'an university of architecture and technology, 2011.
[13] Jiangbo Song, Research on risk investment of insurance fund [D] East China normal university, 2009.
[14] Zhou xianglian, zhang weiqin. Risk sharing of PPP project in underground comprehensive pipe gallery from the perspective of dynamic game [J]. Frontiers of social science, 2019.
[15] Xue linjing. Study on risk sharing model of integrated pipe gallery project under PPP model [D] Xi 'an university of architecture and technology, 2017.
[16] Wang ting. Research on PPP project risk sharing in underground comprehensive pipe gallery [D]: [master's thesis]. Wuhan: wuhan university, 2018.
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  • APA Style

    Zhai Yigang. (2019). The Game Analysis of Insurance Funds to Participate in the PPP Earnings Distribution. International Journal of Business and Economics Research, 8(6), 452-457. https://doi.org/10.11648/j.ijber.20190806.25

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    ACS Style

    Zhai Yigang. The Game Analysis of Insurance Funds to Participate in the PPP Earnings Distribution. Int. J. Bus. Econ. Res. 2019, 8(6), 452-457. doi: 10.11648/j.ijber.20190806.25

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    AMA Style

    Zhai Yigang. The Game Analysis of Insurance Funds to Participate in the PPP Earnings Distribution. Int J Bus Econ Res. 2019;8(6):452-457. doi: 10.11648/j.ijber.20190806.25

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  • @article{10.11648/j.ijber.20190806.25,
      author = {Zhai Yigang},
      title = {The Game Analysis of Insurance Funds to Participate in the PPP Earnings Distribution},
      journal = {International Journal of Business and Economics Research},
      volume = {8},
      number = {6},
      pages = {452-457},
      doi = {10.11648/j.ijber.20190806.25},
      url = {https://doi.org/10.11648/j.ijber.20190806.25},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20190806.25},
      abstract = {The long-term and stable nature of insurance funds and the long-term demand of PPP projects for funds are naturally in line with each other. In the future, there is still great potential for insurance funds to deeply participate in PPP projects and serve the development of real economy. According to the current development rate, the available scale of insurance funds during the 13th five-year plan period will reach 20 trillion yuan, which not only provides sufficient sources of funds for insurance funds to participate in PPP projects. At the same time, it also creates a good condition for the insurance fund to conduct financing and service innovation in combination with the characteristics of PPP projects. The participation of insurance funds in PPP projects has become an important issue in the current development, but the earnings in the cooperation between the two sides need to be fully discussed and analyzed to avoid a series of problems caused by unreasonable distribution. Based on the current developing situation of insurance funds participating in PPP projects, this paper conducts two-party game analysis and three-party game analysis according to the classification of complete information condition and incomplete information condition. Through conditional assumption, model establishment and solution, the reasonable proportion of insurance enterprises, public sectors and project companies under different circumstances is obtained, and policy suggestions on promoting insurance funds to participate in PPP model are put forward.},
     year = {2019}
    }
    

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    AU  - Zhai Yigang
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    JF  - International Journal of Business and Economics Research
    JO  - International Journal of Business and Economics Research
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    AB  - The long-term and stable nature of insurance funds and the long-term demand of PPP projects for funds are naturally in line with each other. In the future, there is still great potential for insurance funds to deeply participate in PPP projects and serve the development of real economy. According to the current development rate, the available scale of insurance funds during the 13th five-year plan period will reach 20 trillion yuan, which not only provides sufficient sources of funds for insurance funds to participate in PPP projects. At the same time, it also creates a good condition for the insurance fund to conduct financing and service innovation in combination with the characteristics of PPP projects. The participation of insurance funds in PPP projects has become an important issue in the current development, but the earnings in the cooperation between the two sides need to be fully discussed and analyzed to avoid a series of problems caused by unreasonable distribution. Based on the current developing situation of insurance funds participating in PPP projects, this paper conducts two-party game analysis and three-party game analysis according to the classification of complete information condition and incomplete information condition. Through conditional assumption, model establishment and solution, the reasonable proportion of insurance enterprises, public sectors and project companies under different circumstances is obtained, and policy suggestions on promoting insurance funds to participate in PPP model are put forward.
    VL  - 8
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Author Information
  • School of Public Finance and Tax, Central University of Finance and Economics, Beijing, China

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