The X Factor Investigation of a Price Cap Regulation of Infrastructure Under Public-Private Partnerships

Suxia Gao and Zhitao Ren
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Suxia Gao: Tianjin Chengjian University
Zhitao Ren: Tianjin Chengjian University

Chapter Chapter 59 in Proceedings of the 19th International Symposium on Advancement of Construction Management and Real Estate, 2015, pp 725-735 from Springer

Abstract: Abstract Price regulation is an integral part of the infrastructure under the public-private partnerships. The traditional means of price regulation is replaced by the price cap regulation which is one of the incentive regulations due to its high cost and low efficiency. Determining the X factor is the kernel of price cap regulation. This paper analyzes the X factor by constructing a new model based on the RPI-X model, it is concluded that the total factor productivity growth of regulated businesses and the entire economy, and the input prices growth rate are the key elements to the X factor. The relationship between the X factor and the private sector, the government and the public is obtained and it provides a certain criteria for the Government Regulation Department for timely adjusting the X factor.

Keywords: Infrastructure; Price cap regulation; Public-private partnerships; The X factor (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-662-46994-1_59

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DOI: 10.1007/978-3-662-46994-1_59

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