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Notice of Retraction
The Game relationship and government regulation of highway franchising in China

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1 Author(s)
Wu Deng-Kai ; Res. Center of Cluster & Enterprise Dev., Jiangxi Univ. of Finance & Economic, Nanchang, China

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE's Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Chinese Highway breakthrough mainly dues to Chinese active fiscal policy and the highway investment system line with national conditions. Highway franchising involves multi-stakeholders. Franchising reality is a Game process of various interest groups to achieve their own goals. Different goals lead to different behavior of the various interest groups. In this process, the most important stakeholder is the traffic authorities, franchisee and consumers. This paper analyses the main stakeholders and the Game relationships among them, analysis the root cause of problems in the expressway construction and management, and puts forward relevant policy recommendations: breaking the monopoly, to excite the enthusiasm of social capital participating in highway; establishing profits of franchising business, incentives and penalties of regulatory scientifically; transportation departments providing franchisee incentive regulations through administrative, legal and political resources.

Published in:

Financial Theory and Engineering (ICFTE), 2010 International Conference on

Date of Conference:

18-20 June 2010