Author(s)

Miaomiao Gan

Corresponding Author

Miaomiao Gan

ABSTRACT

The characteristic town is an important practice of promoting sustainable economic development in China. Its emergence is an inevitable product of economic development at a certain stage. It has a distinctive epochal character. The characteristic town is “small but key” and plays the role of “industrial tipping point” and “factor hub”, which can effectively promote the integration of industry and city. However, the current development of the town faces the problem that the participants do not cooperate closely, so in order to achieve the sustainable development of the characteristic town, It is very important to establish a reasonable mechanism to form a win-win situation between the government, social capital and small town residents. This paper focuses on the strategic choice and influencing factors of stakeholders in the characteristic town PPP project from a dynamic perspective, and based on the evolutionary game theory, takes the government, social capital and town residents as stakeholders in the characteristic town PPP project, constructs the three-party evolutionary game model of “government department - social capital - characteristic town residents”, and studies the impact of relevant parameters on the three-party behavior strategy, At the same time, take Jiashan Chocolate Town as a case for further study. The research shows that the implementation of incentive policies by the government, the active investment by the social capital and the participation of the town residents in the supervision can reduce the costs of the participants, improve the income of the town PPP project, and ultimately achieve a win-win situation for all parties. Finally, the application experience, shortcomings and suggestions of the characteristic town PPP project are put forward based on the case.

KEYWORDS

Characteristic town, PPP projects, Evolutionary game theory