Incentive, Supervision and Risk Distribution in Project Finance
Lei Wang · 2010
The models of incentive and supervising between owner and operator under the condition of non-cooperation were advanced when there was one variable of operator's endeavor. And this paper established the mechanisms of incentive and supervising between owner and operator under asymmetric information after solving the two models, then, advanced the cooperation game model in participant's distribution of risks of project financing, distributed the risk optimally among all the participants, and supplied the reference to project financing risk management under asymmetric information.