Model for Renegotiation in Infrastructure Projects with Government Guarantee

This paper aims to study how to renegotiate with the government guarantee again, and the impact of the government guarantee to negotiation. We use dynamic game theory to describe on the government renegotiation model, give the equilibrium path to the renegotiation and gives the corresponding results. The research in this paper can effectively increase the PPP model management, to provide the theoretical basis, and can also to provide framework and method to understand the behavior of both parties.