摘要
在我国农村土地“三权分置”改革的背景下,农村土地信托机制的创新是推进我国农村土地金融规范化发展和推进农村土地市场化转型的重要着力点。基于合作博弈框架,采用柯布-道格拉斯生产函数建立信托参与主体的博弈关系,并使用夏普利值求解各方在博弈过程中的边际贡献,通过博弈关系仿真分析农村土地信托规模、农村土地信托流转价格、信托计划平均收益率、政府作用及信托产品经营水平对农村土地信托流转关系的影响,可以发现:农村土地信托规模对农户和农业经营公司的影响程度比较大,农村土地信托规模的增加会带来农户的收益率的提高,而农业经营公司的收益率则会因规模的增加而逐步减少,与此同时,农村土地报酬的增加会提高农户的分配比例,相反信托公司和农业公司的收益分配会降低。研究认为,通过“资管+信托”的双SPV农村土地信托机制及相应的保障措施实施,在理论上可以提升参与主体的积极性,从而推动农村土地信托快速发展。
The purpose of this study is to improve the rural land trust mechanism and promote the market-oriented transformation of rural land.Based on the analysis of rural land trust in our country,on the basis of present situation and the need of main participating body,in the interest balance as the starting point,based on cooperative game framework using cobb-douglas production function to establish the main body to find the game,the game relation strategy and game characteristic function,and to use the shapely value contribution margin in the process of solving the parties in the game,through the game relationship between the simulation analysis of rural land trust scale,price of rural land trust circulation,to plan an average yield,government role and the trust product management level impact on circulation of rural land trust relationship.Planning trust company operation of rural land trust products process and put forward reference for structured trust business income and risk stratification of design ideas to establish a structured trust business relationship,the trust company as secondary beneficiary and use of“information technology and trust”double SPV mechanism of rural land trust beneficial right of the special plan to build the trust realization mechanism of rural land financial.The implementation of dual SPV rural land trust mechanism and corresponding safeguard measures can theoretically enhance the enthusiasm of participants,ensure the balance of interests of all parties,and promote the rapid development of rural land trust circulation.
作者
李航
秦涛
潘焕学
LI Hang;QIN Tao;PAN Huan-xue(School of Economic&Management,Beijing Forestry University,Beijing 100083,China)
出处
《北京联合大学学报（人文社会科学版）》
CSSCI
2020年第4期106-118,共13页
Journal of Beijing Union University(Humanities and Social Sciences)
基金
中央高校基本科研业务费专项资金项目“我国森林保险补贴规模测度与政策优化”(项目编号:2015ZCQ-JG-01)
北京市社会科学基金项目“北京市公益林保险产品创新与运行模式优化”(项目编号:18YJB011)
教育部人文社会科学研究规划基金项目“我国森林保险精准扶贫效应评估与机制优化研究”(项目编号:20YJA790059)。
关键词
土地信托
结构化信托
信托机制
耕地
土地流转
rural land trust circulation
structured trust business
rural land trust mechanism
rural land
rural land circulation
