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Research on Negotiating the Transfer Price for T0T Project Financing Mode Based on Game Theory

In: Proceedings of the 17th International Symposium on Advancement of Construction Management and Real Estate

Author

Listed:
  • Weichao Li

    (Tongji University)

Abstract

This paper extends the transfer-operate-transfer (TOT) concession model (Liu et al. 2002) to a new method for identifying a concession period by using bargaining-game theory. Transfer price is one of the most important decision variables in arranging a TOT-type contract, and there are few methodologies available for helping to determine the value of this variable. The previous model presents an alternative method by which determined are the win-win price level to furnish theoretic basis on which to form and decide the transfer price and TOT projects. Nevertheless, a typical weakness in using the previous model is that the model cannot recommend a specific time span for concessionary. This paper introduces a new method called TOT bargaining concession model to enable the identification of a specific concession period. The two parties concerned in engaging a TOT contract in the model are the investor and the government and their bargaining behavior is the key factor in the model.

Suggested Citation

  • Weichao Li, 2014. "Research on Negotiating the Transfer Price for T0T Project Financing Mode Based on Game Theory," Springer Books, in: Jiayuan Wang & Zhikun Ding & Liang Zou & Jian Zuo (ed.), Proceedings of the 17th International Symposium on Advancement of Construction Management and Real Estate, edition 127, chapter 0, pages 1163-1172, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-35548-6_118
    DOI: 10.1007/978-3-642-35548-6_118
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