LIU Xiao-jun, FU Han-liang, LUO Xi. Improvement of Public-Private-Partnership Financing Model of Reclaimed Water Industry Based on Shadow Tolling[J]. Bulletin of Soiland Water Conservation, 2014, 33(4): 169-172.
LIU Xiao-jun, FU Han-liang, LUO Xi. Improvement of Public-Private-Partnership Financing Model of Reclaimed Water Industry Based on Shadow Tolling[J]. Bulletin of Soiland Water Conservation, 2014, 33(4): 169-172. DOI: 10.13961/j.cnki.stbctb.2014.04.047.
The Shadow Tolling payment method was proposed to improve the existing PPP(public-private-partnership) financing mode in order to solve the problem of market failure during the franchise period. In addition
a new model was built based on the principal-agent theory. The result showed that the introduction of the implicit government subsidies was good for the reclaimed water industry
and it could really improve the whole social welfare.