Policy Research Of China's Coal Market Operation Mechanism And The Government Regulation And Control

In traditional planned economy,coal industry is managed and controlled directly by the central government, when the research to market structure,market behavior and market performance of the coal industry does not have substantive significance. After the reform and opening up,with the gradual advance to the market mechanism,many scholars have begun to touch this field. With china's coal market as the study objective,the thesis has a deep research and exploration to three aspects of the coal market mechanism: supply and demand,the price mechanism and the competition mechanism. At the same time on the basis of analysis through game theory, the paper has a general evaluation on the macro-control. Finally,I put forward the orientation, basic contents and the exact measures of the government regulation and macro-control.This paper is divided into seven chapters, the specific structure and contents are as follows:Chapter I Introduce the Background & significance of the topic choice and summarize the relative theories of China's coal market,on the basis of which, the author puts forward the purpose, ideas and research methods of the paper. Finally, explains the structure and main thesis innovation point of the paper.Chapter II For China's coal market research, with the government's relations theory, industrial organization theory and domestic and international coal market research results as the main reference, the Summary described the development of the theory, the status quo, and the current domestic and foreign research results and lessons of this paper, which forms theoretical basis for the further study.Chapter III From supply and demand, it has an analysis of coal supply and demand and make the impact factors clear. Then it has empirical studies on supply and demand establishing variable parameter model between economic growth and coal demand, analyzing the impact and contributions of the downstream industries of coal to coal demand. Finally on the basis of the forecast, it judges coal supply and demand situation for 2010.Chapter IV first coal prices market-oriented reforms were analyzed and though, clearing existing problems of the current coal market price mechanism, on the basis of which I have a theoretical investigation on the coal price formation and propose full-cost components based on the theory of the value of coal resources. At the end of this section through empirical analysis on market price volatility, the impact factors of coal prices are given.Chapters V through the SCP analysis of China's coal market competitive status, I define China's coal market competition status quo, on the basis of which I propose effective competition in the coal market is the goal of market and the evaluation index system with reference to SCP framework. I, using principal component analysis on China effective competition in the coal industry, conduct a quantitative analysis to the effective competition.Chapter VI the author describe the evolution process of regulation and control in the course of China's market economic reform and the Game of the government regulation and control, give overall evaluation to the government regulation and control at last.Chapters VII based on the operating mechanism of China's coal market, raise the direction and basic contents of the government regulation and control with the premise of market-regulation. Finally clarify policy choices fro the government's macroeconomic control At last, the thesis draws a conclusion.The primary conclusions of this thesis include:1. Supply and demand analysis showed that the supply of coal is mainly constrained by resources,while coal demand is mainly affected by the rate of economic growth and industrial structure with small impact of coal prices on the supply and demand regulation. Relying on the market it is difficult to maintain a balanced on coal supply and demand. Therefore, the total quantity control is the focus areas for the government regulation and control of the coal market. Coal supply and demand balance projections in 2010 indicate that the coal supply and demand balance will be in a tight situation and to ensure stable supply of coal volume control is the key to the next step.2. Coal price analysis shows that China's market-oriented mechanism for coal prices has been initially established and coal prices can be based on the changes in supply and demand by the market. Therefore, the administrative intervention in coal prices is the area from which the government regulation and control should withdraw. The government regulation and control should be mainly indirect and the main method to impact coal prices is mainly through regulation of coal supply and demand.3. Coal market competition analysis showed that China's coal market competition gradually become reasonable, but far from the state of effective competition. Market concentration, industry entry barriers and the level of technological progress are the main impact factors of the coal price. Therefore, the government regulation and control of the key points should be the establishment of pro-competitive market rules and market environment, and give full play to the role of market mechanism.4. Government regulation and control policy analysis shows that the "limited production" policy is a failure because the enterprises seek to maximize its own interests; small state-owned coal mines have the motion to increase production continuously. "Coal-fired electricity price linkage" to alleviate the coal contradictions temporarily is effective, but "coal prices interaction "will lead to a price spiral for the coal and electricity. In the condition of the policy of"close down and production limitation", when the central government evaluate political performance by the regional economic growth, local governments have no incentive to implement this policy.5. On the basis of policy analysis in the coal market operation and government regulation and control, this paper presents the main elements for the coal market policies of the government regulation and control: first, total control should protect the coal supply and be targeted to meet the economic and social development for the demand coal. Second, in terms of price regulation, it should focus on the formation of the market mechanism on the coal prices. At the same time, make the price fully reflect the value of its resources, and to promote market-oriented reform of the downstream industry, and to achieve harmonious development between the coal industry and relevant industrial. Third, for the competition in the market, the government should focus on establishing a fair and reasonable competitive environment and ensure the free flow of resources, while promoting production and market concentration. Fourth, for the protection of coal smooth operation of the market economy, government should adjust the economic, environment, security policies and eliminate impact of economic, environmental, security and other constraints on the healthy development of the coal market and promote the healthy operation of the coal market.Of course, the conclusion of the paper has to wait for further examination from theory and practice.