Title: Natural Monopoly and Regulatory Innovations
Abstract:In the past time, Chinese government invested in the industry of natural monopoly and managed it directly. For less of competitive pressure, the state-operated firms were deficient in seeking the lowe...In the past time, Chinese government invested in the industry of natural monopoly and managed it directly. For less of competitive pressure, the state-operated firms were deficient in seeking the lowest cost, and which led to high production costs and high products prices. Using the experience of developed market countries for reference, Chinese government should innovate the regulation and introduce workable competitive mechanism in industry of natural monopoly. There are some useful mechanisms that can promote workable competition in natural monopoly such as franchise bidding competition, yardstick competition and direct competition.Read More
Publication Year: 2003
Publication Date: 2003-01-01
Language: en
Type: article
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