中文摘要：

近年来，利益相关者共同治理理论越来越多地被应用到公共事务治理研究中。通过对合作博弈的分析，给出了流域生态实施利益相关者共同治理的4个机制：参与机制、效用转移机制、谈判协商机制和监督机制。通过对这4个机制的经济学分析和说明，得出参与机制是形成共同治理的基础，效用转移机制是利益者合作的动力，谈判协商机制是有效的利益平衡机制，监督机制是实施共同治理的有效保障。

英文摘要：

In recent years, stakeholder governance theory was applied to public affairs field increased gradually. Based on the analysis of coopera- tion game, this paper gave the implementation of watershed common governance by four mechanisms ： Participation, utility transfer mechanism, negotia- tion mechanism and supervision mechanism. After demonstrated and analyzed the four mechanisms, this paper drew the conclusion：The participation mechanism was the foundation of the common governance, the utility transfer mechanism provided the stakeholder cooperation motivation, the negotia- tion mechanism was a reasonable mechanism on the benefits balancing, the supervision mechanism was the effective guarantee on the implementation of common governance.