Analysis of Optimal Model of Risk-sharing About Project Financing
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Abstract:
Project financing is an innovative financing method, which also is an important financing instrument of infrastructure projects. It is a key of how to give risk-sharing of participants. Based on limited recourse character of project financing, this paper puts forword participant criterion of risk-sharing by risk premium about various risks, and attains optimal risk-sharing of linear and nonlinear cases by designing optimal models.
