Law And Economic Analysis On The Government Regulation Mechanism Of The Railway Industry Of China

Railway transportation is the basis of the national economy and industry in the national economic and social development process plays a decisive role. China railway as the backbone of transportation and the main part, since the founding, for China's economic development and improving people's living standards has made a significant contribution. According to the characteristics of natural monopoly, the railway industry is a strong natural monopolies. Therefore, the regulation of the railway industry has been facing the public and entrepreneurial dilemma, require government and regulatory departments in the public welfare and to find a balance between corporate profits, we should be through the effective supervision of the railway sector to make it to the High efficiency, and systems serving the public good direction.Full-text is divided into five parts:The first chapter introduces the technical and economic characteristics of the railway industry, and government regulation of the railway industry, the need for. Railway industry because of its significant economies of scale and cost of poor additive belonging to strong natural monopoly industries, coupled with public nature of its coexistence with entrepreneurial characteristics, asked the Government for its supervision. The supervision of the railway industry is also a need to change development of the industry improved, and regulatory failure substitute's competition, technological advances and old Zhengqibufen regulatory system requires constant adjustments to government regulation of the industry policy.Chapter II is the focus of this article. Mainly to explore the railway industry, government regulatory mechanisms, the interaction between institutions and systems. Primarily through the presentation of the main regulation of China's railway industry, regulatory object, content regulation, regulatory systems. A sound and comprehensive system of professional supervision should include the supervision of the main regulatory object, regulatory oversight agencies, and regulators based on the law, which is the regulatory supervision of the main objectives and institutional designers, monitoring the implementation of those objects. China's railway industry, but the vertical monopoly Zhengqibufen management system led to the railway industry, and regulatory supervision of the main object of a de facto vacancy. Ministry of Railways held a variety of roles, making the institutional framework in the real operations into a piece of rhetoric. Setting up a regulatory agency shall be given to the best form of independence, so that the interests of independent regulatory agencies have been monitoring the interests of the object, in the exercise of the powers and functions can be free from political forces and the impact of interest groups in order to ensure fair and equitable regulatory . In the supervision system, the rail is not strong systematic laws and regulations, and the lack of a comprehensive regulatory system to streamline the relationship between the Government and the railway companies. Although the Railway Act and administrative regulations are more than 30 department, but the content has not adapt to new railway construction and development of a harmonious situation.Chapter III is the Chinese railway regulatory history and current status. From the early days of China's railway transportation experienced a "right place let", the railway economic contract responsibility system, the modern enterprise system and asset management responsibility system, institutional innovation and the four stages. Railway industry at the present stage there is the most lethal of the problem is Zhengqibufen, this mode of operation a serious impact on the efficiency and effectiveness of railway industry, Zhengqibufen also led to the absence of subject and object control and confusion, the government and enterprises ambiguous division of responsibilities, enterprises are short of innovative. Separate government administration from the premise of the railway system innovation, the state should follow the market economy system of the railways macro-control, transform government functions, to create a favorable policy environment to promote the development of China's railway industry.Chapter IV is the international comparison. Through the typical country like the U.S., Japan and Europe railroad regulatory reform models to understand and study found the regulatory reform of China's railway industry insight. Can draw the following main points: 1. Separate government administration from the railway reform, the key to success. 2. Railway reform program should be realistic and in line with national conditions. 3. The Government of the railway reform and development should be given more help and support.4. Railway reform should be gradual.Chapter V is to improve the rail industry, the main regulatory mechanism, improve the regulatory regime. Recommendations are: 1. Separating the government-funded separately from the premise of carrying out the reforms and conditions. 2. To establish an independent and effective regulator. 3. To relax into the control. 4. For the railway freight rate reform, improve the price hearing system. 5 modified "Railway Law" and relevant regulations and policies, in order to provide legal guarantee for railway development.