Mathematical Problems in Engineering / 2018 / Article / Tab 1

Research Article

Efficiency Analysis of Government Subsidy and Performance Guarantee Policies in Relation to PPP Infrastructure Projects

Table 1

The conditions for the payment of the government subsidy.

External benefitLiquidity shockContinuation or liquidation (without subsidy)Social efficiency SubsidySocial loss

Continuation-
Liquidation
Liquidation-

Continuation
Liquidation-

Note. The and signs in the “social efficiency” column mean that the outcomes (continuation or liquidation) after the occurrence of the liquidity shock when only the performance guarantee policy is adopted are socially efficient or socially inefficient, respectively. The sign in the “subsidy” column means that the government pays the subsidy to the SPV, while the sign means that the government does not pay the subsidy. The - signs in the “social loss” column mean that there is no social loss.

We are committed to sharing findings related to COVID-19 as quickly as possible. We will be providing unlimited waivers of publication charges for accepted research articles as well as case reports and case series related to COVID-19. Review articles are excluded from this waiver policy. Sign up here as a reviewer to help fast-track new submissions.