A Game-Theory-Based Interaction Mechanism between Central and Local Governments on Financing Model Selection in China
Round 1
Reviewer 1 Report
Congratulations to the authors. The article deals with an interesting topic. From my point of view, there are only a few recommendations to improve the article.
In the article, the authors use the concept Theorem because they do not use the concept hypothesis. In this type of work is this expression correct? Another issue that I think is necessary is a summary table with the different theorems or hypotheses and the contrast of the theorems or hypotheses. Because it is difficult for other researchers to remember the different objectives that the paper wants to achieve. For example, on page 14 the authors present theorem 4, and then talk about theorem 2. In my opinion, this situation is not correct...
In short, it is necessary to explain better what are the objectives and hypotheses of this work. For example Hypothesis 1 (H1) ... and at the end of this work and before the Conclusions make a Table with the different hypotheses and their contrast.
Author Response
Manuscript ID: sustainability-1837062
Title: A Game Theory Based Interaction Mechanism between Central and Local Governments on Financing Model Selection in China
Authors: Fusheng Xie, Lei Hang
Dear Reviewer,
Thank you for your instructions to revise the manuscript. Please attached herewith find our revised manuscript of the above referred paper for your consideration and publication in Sustainability. We have thoroughly revised and modified the manuscript according to the comments of the reviewers. Detailed responses to the comments are listed below point by point.
We appreciate the valuable comments. Line number are provided in responses to the comments (if needed) and highlighted text where changes are made in the paper text.
Response to Reviewer:
- In the article, the authors use the concept Theorem because they do not use the concept hypothesis. In this type of work is this expression correct?
Modifications are made and the concept was modified: theorem was replaced by hypothesis.
- It is necessary to explain better what are the objectives and hypotheses of this work. For example Hypothesis 1 (H1) ... and at the end of this work and before the Conclusions make a Table with the different hypotheses and their contrast.
Modifications are made and the different hypotheses and the contrast of the hypotheses is summarized in table 3.
Please contact me if you have any questions on the revised manuscript.
Best regards,
Fusheng Xie
Author Response File: 
Author Response.pdf
Reviewer 2 Report
The study results found that the central government's tolerance of local governments to participate directly in municipal projects with financing platforms or PPP models mainly depends on land price premiums. When the premium is small, the collusion between local governments and financing platforms does not violate the objectives of the central government. Then local and central governments prefer financing platforms to participate directly in municipal projects.
Most of the existing publications on related topics are added in the reference section.
After reading the manuscript, I believe that the paper consider a good problem and have enough mathematical contributions.
Author Response
Dear Reviewer,
Thanks reviewer for good comments and hard work.
Best regards,
Fusheng Xie
