| Since the 1970's, regulatory failure and releasing regulation has become the academic emphasis. Though Peltzman drew an conclusion that those comparatively competitive or monopolistic industries are the most likely to be regulated in his model of regulatory equilibrium, economics of regulation focuses on regulatory failure and reformation of the industries of natural monopoly. Now the regulation on industries of natural monopoly such as telecommunication,railway,electric power are also being discussed,but the demonstrational researching of regulatory failure of competitive industries is overlooked in china. The Chinese industry of automobile's regulatory failure is a representative case of regulatory failure of competitive industries. The text will have a profound research of the problem applying the principle of economics of regulation in the ground of fifty years' regulation,in order to provide a whole theoretic frame and systems of policy for understanding the Chinese industry of automobile's regulatory failure,and make people realize that the policies of one industry's effect on it is uncertain,and unreasonable regulations will do harm to the industry's ability of competition.The meanings of the Chinese industry of automobile's regulatory failure is that the industry of automobile's having been carrying out the policies of traffic protect and monopoly, leading to the enterprises of automobile's inefficient production and the abnormal structure of demand. The text has drown conclusions that:(1)monopoly is the essential characteristic of the Chinese industry of automobile's regulation,which means that central government prefers to the reigning enterprises especially the central government's enterprises to others.(2)the Chinese industry of automobile's regulatory failure includes diseconomy of scale,lacking of ability of technology's innovation and the car's abnormal structure of demand. Provided that the trap of joint venture is not overcome,the Chinese industry of automobile would lose independence.(3)Monopoly is the mainly cause of the Chinese industry of automobile's regulatory failure. It makes the Chinese industry of automobile lack of ability to manufacture in low cost and to create.(4)The efficiency improved by local government is the corrective mechanism of the Chinese industry of automobile's regulatory failure. Because of government of province's ability to over the administrative Barriers to entry, local enterprises of automobile improve the efficiency of resource-allocation,and ought not to regarded as repeated investment.(5)The competition and innovation of enterprises is the essential drive of a country's industrial success. Because of the knowledge spilling over easily, the policies of one industry don't have much effect on enhancing the industry's ability of competition.(6)Setting up the structure of contestable Market is the goal of the reformation of the Chinese industry of automobile's regulation. The directly regulatory measures will be cancelled in the end.The text consists of six chapters. The logic is from theory to practice and from general to specific. Beginning with the basic theory of regulation, the text analyses regulation's motive and failure,releasing regulation and reformation. In terms of regulatory practice, the system of analyzing the Chinese industry of automobile's regulatory failure comes into being as the general programme of the text, subsequently the effect of the Chinese industry of automobile's regulation is demonstrational analyzed. Demonstration and theory are confirmed each other. After pointing out the problems, suggestions are made to the Chinese industry of automobile's regulation in the end.The first chapter makes readers have a rough understanding and outline by introducing the background of selection,issues,significance and logic. The second chapter describes the meaning and of regulation,two schools of the research of regulation:theory of common benefit and theory of interest group,regulatory failure,theory of contestable Market...
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