Asymmetry Of Information In Price Hearings And Its Solution

The introduction and establishment of the hearing system of the price are results of reform and opening-up of our country, it complies undoubtedly with the need of the reality of price reform and development of our country, accords with demand of the principle of the WTO transparent clause, it is a kind of extremely important price public decision system reform action to conform with the strategic choice of China's political structure reform too.Practice indicates, hearing system has changed government's unified decision mode at the price, expanded the citizen's participation, made the government's decision more transparent, just, more democratic, more scientific and more normal and high-efficient, made public management system and political system democratize further. But practise indicates also that the satisfaction of people to the price hearing is not so high, the price hearing leads objectively to the unrational result under the rational choose. And the result, have direct connections with "asymmetry information" (also called "asymmetry of information") in price hearing.The so-called "Asymmetry of Information" refers to unsymmetry, unharmonious phenomenon of the information caused by the reason that the amount of information grasped by different subjects in decision-making. In fact, the design, formulation, carrying out, assessing and feedback of any public policy, involve the issue of information asymmetry among different subjects , and the issue of information asymmetry is particularly outstanding in the price hearing. In case of information asymmetry, the result that the hearing subject plays chess in many ways may be handled most probably, which obviously does not accord with the principle " just naturally " of the hearing itself.At the same time because the price hearing not merely involves public vital interests, hearing itself is a kind of channel through which citizens may participate in public decision, the issue of information asymmetry not only jeopardize the science of the price policy of the government, but also jeopardize the legitimate rights and interests of the public, still it goes one step further to jeopardize the public decision system and even the whole political system. In view of this, it is very necessary to carry on the proper design on the system so as to reduce the subject with information advantage to utilize its information advantage to damage public interests. This thesis is proceed with information asymmetry question in the price hearing, it introduces the economics theory of entrust and agency to the analysis of price hearing system, by analyzing the characteristic of different hearing subject, and the objectivity and certainty of the information asymmetry, the obstacle of information-sharing, the cost of information and the defects of price hearing system itself etc. It will point out that the main and objective cause of the information asymmetry, and propose on this basis that to solve the issue of information asymmetry we must start with expanding information sharing range in order to reduce the information cost, etc.