| Electric power industry, as one of the important energy industry, is related to people's livelihood. It is the base of national economy, and its development can promote the development of a large number of other industries. We can say, electric power industry plays a supporting role on the national economy. As a natural monopoly industries, government regulation is inevitable, but over-regulation will lead the electric power industry to low efficiency. Therefore, it is great significance for how to control the degree of electric power industry's monopoly and in what kind of market structure the efficiency of electric power industry can achieve the maximum.This paper use theoretical analysis and empirical analysis. First, this paper reviewed the development of Chinese electric power industry, and divided it's reform process into four stages. Second, this paper analyze the market structure changes of Chinese electric power industry through the point of market concentration, product differentiation and barriers. The empirical analysis of market concentration, indicating that China's electric power market, especially the electric power generation market is still in an oligopoly market. Again using data envelopment analysis (DEA) method analyze the efficiency of China's electric power industry from 1979 to 2006. The results reflect the efficiency of China's electric power industry has been improving from the start of the reform, but the increase rate before 2002 is very slow, and after the electric power market reform from 2002, the industry efficiency has increased rapidly. Finally, based on the results of the above empirical research, this paper analyze the relationship of Chinese electric power industry's market structure and it's efficiency, found that the correlation between them significantly. Then, this paper also using game theory explain the correlation from the perspective of government and corporate behavior. |
PDF Full Text Request