The Financing Marketing of Urban Infrastructure Projects:Based on the Perspective of Insufficient Specific Investment
研究中国基础设施项目融资市场化中，地方政府与非政府企业签订的特许经营协议因不完全契约导致双方特定投资不足的问题，利用敲竹杠理论建模并提出完善政府监管和加强协议管理的建议。
In the process of the financing marketing of infrastructure projects in China,the franchise agreement signed by local government and nongovernmental enterprises is an incomplete contract that leads to insufficient specific investment from both parties.In order to analyze the insufficient specific investment in urban infrastructures' financing marketing,I use the hold up theory to build a model.Further on,some suggestions are raised basing on the model from the views of perfecting the government regulation system and strengthening management of franchising agreements.