The allocation of control rights in PPP projects is an important incentive mechanism in the government and social capi-tal cooperation model,which is crucial to the smooth implementation of the public-private partnership model.By constructing a two-tier dynamic game model with the initial allocation of control rights between government departments and the consortium and the reallocation within the consortium,in order to achieve a two-tier optimization of the allocation of control rights among PPP project participants,the optimal allocation ratio of control rights among government departments,pure investors and professional companies is finally determined.The research results show that the proportion of control rights allocated to each party involved in a PPP project is positively correlated with its own bargaining power and negatively correlated with the bargaining power of the oth-er party;in turn,each party involved should fully demonstrate its own advantages and enhance its bargaining power.The research results have theoretical guidance and decision-making support implications for the practice of public infrastructure PPP projects in China.
PPP ProjectBargaining GameControl AllocationBargaining Power