This study investigates the influence of market structures on Public-Private-Partnership (PPP) utility concession pricing. The private firm's cost and the government's public-management cost, and redundancy risk in the separation scenario, are considered by modeling concession pricing. The results suggest that the effect of the firm's cost is similar under the integrated and separated structures. Redundancy risk increases service prices and may decrease government subsidies. The findings suggest that vertical separation may help control public-management costs under PPPs.

中文翻译：

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市场结构对信息不对称的公私合营企业优惠价格的影响

本研究调查了市场结构对公私合营（PPP）公用事业特许权定价的影响。通过对特许权定价进行建模，可以考虑私营企业的成本和政府的公共管理成本，以及分离场景中的裁员风险。结果表明，在整合和分离的结构下，企业成本的影响是相似的。冗余风险会提高服务价格，并可能减少政府补贴。研究结果表明，纵向分离可能有助于控制PPP下的公共管理成本。