Natural Monopoly Industries In Transition, Effective Market Research

Nowadays, the reform of Chinese natural monopoly industry is confronted with profound and historic transformation viz. the transform from the traditional style characterized by monopoly to modern style characterized by competition. In this period, it is most important to construct the workable competition market structure. Therefore, the traditional workable competition theory itself is contraposed to the general industry. Its application to natural monopoly industry has many flaws in theory. In order to overcome the flaws, the dissertation puts forwards the effective market hypothesis. The hypothesis figures that natural monopoly industry's effective market is based on workable competition, and characterized by realizing competition is compatible with scale, regulation, and monopoly; state-owned sector is compatible with private sector; efficiency is compatible with equity. This kind of market is not only the outcome of market mechanism, but also the outcome of government's intervention. Based on the hypothesis, the dissertation establishes natural monopoly industry's effective market model and its misty synthetical evaluation system that is the sign of accomplish effective market's theory construction.Chinese transition economy has its own particularity in system, reform style, and institutional change. The particularity determines that Chinese natural monopoly industry's effective market should have different character and different solutions in the period of transition. The dissertation, transition economy as background, describes full-scale analysis on constructing Chinese natural monopoly industry effective market and put forward the boundary of market and government, market and corporation, monopoly and competition model. The dissertation analyses concealed administration monopoly's character and its hazard, and considers that the most important reason which leads to the Chinese natural monopoly industry's short of efficiency is that scale economy is short of character and efficiency, scope economy isn't realized, inefficiency non-regulation equilibrium coexists with regulation equilibrium and the dilemma of state-owned corporation. The dissertation puts forward the vertical configuration principal in the regulation structure and deems that natural monopoly industry's regulation vertical configuration should...