Research of Watershed Management PPP Project Contract Based on the Market Mechanism

Abstract

Abstract: It has been proved that the PPP mode is a kind of mature and effective mechanism of marketization in public service (administration) by foreign practice, and it has a positive use for reference significance to promote Chinese watershed management marketization. Based on contract theory, the paper builds up watershed management PPP project Holmstrom-Milgrom model, and reconstructs the main role and interest relationship between the government and the market body in the process of watershed management marketization. Studies have shown that it could effectively reduce principal-agent cost and improve the flexibility and benefits of the project contract when the third party supervision is wrote in watershed management PPP project contract. Finally, it puts forward policy recommendations.

Key words: watershed management, market of public management and services, contract, PPP mode, Holmstrom-Milgrom model

Chang Liang, Liu Fengchao, Yang Chunwei. Research of Watershed Management PPP Project Contract Based on the Market Mechanism[J]. , 2017, 29(3): 197-206.

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