- Decision-making Model of Concession Price and Period for Traffic BOT Projects under Elastic Demand
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- 论文类型： 会议论文
- 发表时间： 2012-08-18
- 收录刊物： EI、CPCI-S、Scopus
- 页面范围： 550-555
- 关键字： BOT; concession period; concession price; elasticity demand
- 摘要： Recently, the BOT (build-operate-transfer) scheme has been garnering increasing attention from both academic and practical fields. In order to make the decision-making more scientific and effective, this paper takes traffic BOT projects as research objectives, and proposes a dynamic game model of complete information to balance the benefits of the government and company. According to the refining Nash equilibrium solution, a discussion about relevant properties and effects of traffic demand changes under elastic demand due to various concession price and period is conducted. Ultimately, a numerical example is adopted to verify the model and equilibrium solution.
