Proceedings of the 2022 2nd International Conference on Management Science and Software Engineering (ICMSSE 2022)

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Game and Simulation of Reasonable Investment Return Mechanism for China's High-Speed Railway PPP Projects

Authors
Chang Su1, *
1School of Economics and Management, Beijing Jiaotong University, Beijing, China
*Corresponding author.
Corresponding Author
Chang Su
Available Online 29 December 2022.
DOI
10.2991/978-94-6463-056-5_81How to use a DOI?
Keywords
PPP project; CAPM model; Game model; Computer simulation
ABSTRACT

China's high-speed railway PPP project is in the exploration stage, which makes a more benign and efficient interaction between social capital and state-owned capital expected, making the construction of high-speed railway more perfect and more in line with the economic operation trend, and solving the financing problem of high-speed railway construction. This paper first calculates the full investment return range of the high-speed rail PPP project through the capital asset pricing model and the weighted average cost of capital model, establishes a three-stage bargaining game model to analyze the return distribution of the government and social capital in the PPP project, and obtains the theory that the government obtains returns the optimal interval range, combined with the above process, adopts the Monte Carlo simulation method, obtains the reference value of the government's own rate of return through computer simulation, and puts forward suggestions on the investment efficiency of the high-speed rail PPP project according to the game equilibrium result. This paper has certain reference significance for the participants of the high-speed rail PPP project.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Management Science and Software Engineering (ICMSSE 2022)
Series
Atlantis Highlights in Computer Sciences
Publication Date
29 December 2022
ISBN
10.2991/978-94-6463-056-5_81
ISSN
2589-4900
DOI
10.2991/978-94-6463-056-5_81How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Chang Su
PY  - 2022
DA  - 2022/12/29
TI  - Game and Simulation of Reasonable Investment Return Mechanism for China's High-Speed Railway PPP Projects
BT  - Proceedings of the 2022 2nd International Conference on Management Science and Software Engineering (ICMSSE 2022)
PB  - Atlantis Press
SP  - 554
EP  - 560
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-056-5_81
DO  - 10.2991/978-94-6463-056-5_81
ID  - Su2022
ER  -