On Market Operation And Regulation Of Public Utility

Public utility or utility is a part of economic infrastructure. Because of its incompletion market structure, various competition behavior and imperfect performance, the utility has been gained more concern of scholars from abroad and at home. The studies to utility are in the research frame of natural monopoly theory in foreign countries. The domestic studies to the theories of public utility appeared from the end of 20 centuries. Although the progress, the phases and the emphases of the all countries public utilities development are different, the courses and the focus are the same alike. Most scholars are concerned with the problems such as natural monopoly, regulation, structure, conduct, management, governance, investment, and etc.In western countries, the theories of public utilities have its special social foundation. Our utilities are different from the west. The economy of our country is placed in special and dual economy transformation period. In this case, study the public utility has important meaning in theories and practicing.The research angle of this paper is that limiting monopoly, lifting efficiency and increasing the social welfare. The main research methods are that positive analysis, normative analysis, contrast analysis and system analysis method. The main technical path is that from collecting data to demonstration analysis, contrast analysis, brain- storm, and theoretical conclude.This dissertation is composed of 7 parts. In the first part, we have pointed out the main purpose. In the second part, we have discussed comprehensive status of utility, explained its economics characteristics, and pointed out its natural monopoly efficiency and its conflict. In the third part, we have discussed the problem that how to establish the workable competition market. In the fourth part, we have reviewed the reform experience to regulation of United States, Britain and Japan. In the fifths part, we have summarized and analyzed the marketization of utilities' operation and regulation in our country, and discussed the realistic background, institution, object, route, and characteristic, and market performance. We have discussed the investment system of utility, and studied the BOT(Build–Operation -Transfer) investment model.