Research On The Moderate Administrative Monopoly Of Toll Road Industry

Administrative monopoly on the development of toll road industry had played a catalytic role, but as time goes on, the problems of which inhibits competition in the market, leading to misallocation of resources and loss of social welfare become more serious. How to define the administrative monopoly moderation of the toll road industry, and how to improve the economic performance of the industry in the realization of moderate administrative monopoly has become a major issue facing the industry.On the basis of the proposed and developed of the theory of effective competition, it defined the meaning and measure of moderate monopoly. Based on analysis of administrative monopoly and economic monopoly difference, binding characteristics of the economies of scale and competitive effectiveness of the toll road industry, it defined the moderate administrative monopoly of toll road industry. On the basis of comparative analysis of the difference between moderate administrative monopoly and moderate monopoly, it determined the measure of the moderate administrative monopoly of toll road industry of ownership structure, market structure, market conduct and market performance.Based on the measure of moderate administrative monopoly of toll road industry, it analyzed the fit of the measure and ISCP analytical framework and the moderation of the administrative monopoly of toll road industry in accordance with the framework "Instruction – Structure – Conduct – Performance". It concluded: administrative monopoly of toll road industry is the main reason leading to poor market performance. Draw inferences that toll road industry over the degree of administrative monopoly.It made an empirical test for the inferences of excessive administrative monopoly extent of toll road industry. Based on the ISCP paradigm and the similarity of administrative monopoly between the railway transport industry and the toll road industry, specifies the railway transport sector as an index to select the frame of reference. Captured and quantized indicators in comparative analysis. Constructed factor analysis model and measure the degree of administrative monopoly, the results of measurement is 82.35%. In the comparison with other administrative monopoly industries, it confirmed the inferences: the toll road industry over the degree of administrative monopoly. It analyzed the negative impact on the industrial development of administrative monopoly and concluded that the governance of administrative monopoly should focus on reducing barriers to entry, weakening control of industrial nationalization, changing the traditional way of price regulation, improving the industry concentration, splitting the vertical structure of the industry.Combined with ideas for improvement, it results through analysis that the governance goal of administrative monopoly of toll road industry is to achieve effective competition, and the governance reform path is government regulation. Proposed control measures: abundant investors, rich project financing, get rid of vertically integrated industrial structure, adopt incentive regulation, improve the industry laws and regulations and strengthen market supervision.