The Game Analysis of Insurance Funds to Participate in the PPP Earnings Distribution
International Journal of Business and Economics Research
Volume 8, Issue 6, December 2019, Pages: 452-457
Received: Oct. 31, 2019; Accepted: Nov. 28, 2019; Published: Dec. 10, 2019
Views 95      Downloads 63
Author
Zhai Yigang, School of Public Finance and Tax, Central University of Finance and Economics, Beijing, China
Article Tools
Follow on us
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.
Keywords
Insurance Fund, The PPP, Complete Information Game, Incomplete Information Game
To cite this article
Zhai Yigang, The Game Analysis of Insurance Funds to Participate in the PPP Earnings Distribution, International Journal of Business and Economics Research. Vol. 8, No. 6, 2019, pp. 452-457. doi: 10.11648/j.ijber.20190806.25
Copyright
Copyright © 2019 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
References
[1]
Kang Jia, Jie Sun, The concept, origin, characteristics and functions of public-private partnership (PPP) [J]. Finance research, 2009.
[2]
China insurance regulatory commission, Interim measures for the management of the use of insurance funds (2014).
[3]
Mingsheng Yang, A historical leap in the use of new rules for insurance funds [J]. Insurance research, 2011.
[4]
Xiao xiao, Game analysis of the interaction between insurance capital and capital market [J]. Insurance research, 2007.
[5]
Yan Li, Research on risk sharing of infrastructure PPP model based on game theory [D]. China university of mining and technology, 2017.
[6]
Yong Yuan, Shaohua Xie, Insider action research: a new methodology integrating researchers and practitioners [J]. Research on modern distance education, 2016.
[7]
Yaobin Yin, Game study of main participants in PPP project asset securitization, [D]. Chongqing technology and business university, 2016.
[8]
Wei Liu, Theoretical interpretation and practical examples of PPP model [J]. Reform, 2015.
[9]
Xiaoyu Li, An empirical study on the efficiency of insurance fund utilization [D]. Capital university of economics and business, 2014.
[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.
[17]
Wu wenqing. Research on infrastructure investment strategy of insurance funds [J]. Reference of economic research, 2006 (88): 18-23.
[18]
Wang yu. Analysis on PPP financing of transportation infrastructure construction projects in hebei province [D]. Hebei university of economics and trade,2016.
[19]
Zhou gang. Research on investment of insurance funds [D]. Capital university of economics and business, 2013.
[20]
Li feifei. Research on the development of alternative investment of insurance funds in China [D].
[21]
Guo guo. Problems and countermeasures of China's pension fund investment in infrastructure [D]. Southwest university of finance and economics, 2013.
[22]
Cheng zhizhong, du chunyan. Feasibility analysis of investment in infrastructure of life insurance in China [J]. Investment research, 2003.
[23]
Wei xuan. An overview of international experience in insurance fund investment in infrastructure [J]. Insurance research, 2014.
ADDRESS
Science Publishing Group
1 Rockefeller Plaza,
10th and 11th Floors,
New York, NY 10020
U.S.A.
Tel: (001)347-983-5186