Administrative monopoly in China : causes, behaviors and termination / Sheng Hong, Zhao Nong, Yang Junfeng.

Format:

Book

Author/Creator:

Sheng, Hong, 1954- author.

Series:

Series on Chinese economics research ; Volume 10.

Series on Chinese Economics Research, 2251-1644 ; Volume 10

Language:

English

Subjects (All):

Government ownership--China.

Government ownership.

Monopolies--China.

Monopolies.

Government business enterprises--China.

Government business enterprises.

Physical Description:

1 online resource (414 p.)

Place of Publication:

Hackensack, New Jersey : World Scientific, 2015.

Language Note:

English

Summary:

Administrative Monopoly in China: Causes, Behaviors, and Termination is a further work of our previous book, China's State-Owned Enterprises: Nature, Performance and Reform. This new book analyzes the SOEs with respect to monopoly, and focuses on six industries: telecommunication, petroleum, railway, salt, banking and football. The book tells the history of how administrative monopolies were formed in China, analyzes the factors responsible for this, describes the behaviors of administrative monopoly, enterprises, and individuals against the monopolistic background, and presents data on the losses brought about by the administrative monopolies.

Contents:

ch. 1. Nature of administrative monopolies. 1. Definition of administrative monopoly

2. Composition of administrative monopoly

3. Administrative monopolies vs. market monopolies

4. Constitutional characteristics of administrative monopoly

5. Main forms of administrative monopoly

ch. 2. Formation and cause of administrative monopolies. 1. Formation and evolution of administrative monopolies

2. The inertia of the planned economy

3. Absence of fiscal pressure on central government for reform

4. The market value of administrative monopolies and the formation of self-aware monopoly interest groups

5. In-house lobbying

6. "Departmental legislation"

ch. 3. Pervasiveness of administrative monopolies. 1. Allocation of administrative monopolies in industries

2. Administrative monopolies in the telecommunications industry

3. Administrative monopoly in the oil industry

4. Administrative monopoly in the railway industry

5. Administrative monopoly in the banking industry

6. Administrative monopoly in the salt industry

7. Administrative monopoly in the football industry

8. Administrative monopolies in localities

ch. 4. Illegality of administrative monopolies. 1. Lack of legal authorization and violation of the principle of legal reservation

ch. 5. Administrative monopoly behaviors. 1. Classification of administrative monopoly behaviors

2. Examples of administrative monopoly behavior in departments

3. Examples of the administrative monopoly behaviors by enterprises

4. Examples of individual or organizational behaviors caused by administrative monopolies

ch. 6. Inefficiency and unfairness of administrative monopoly. 1. Inefficiency and unfairness of setting barriers to entry

2. The inefficiency and unfairness of regulation of sales prices

3. Purchase-price regulation: Resources sold at low prices or given away for free

4. Affecting the neutrality of macroeconomic policies

5. Damage to social justice

6. Damage to political legitimacy and moral values

ch. 7. Estimation of welfare loss and distribution distortions caused by administrative monopolies. 1. Measuring methods of welfare loss and distribution distortions caused by administrative monopolies

2. Estimation of welfare loss and distribution distortions caused by administrative monopolies

3. Real performance and income distribution of administrative monopolists

ch. 8. Breaking administrative monopoly. 1. Existing anti-monopoly laws. 2. The constitutional level: Restricting and forbidding departmental legislation

3. The constitutional level: Effective control of the state economy and SOEs

4. Utilizing existing constitutional and legal resources, clearing out documents establishing administrative monopolies

5. Toward a legal and judicial anti-monopoly system

6. Breaking administrative monopoly by administrative means

Sub-report 1. Administrative monopoly in the telecommunications industry. 1. History of administrative monopoly in the telecommunications industry

2. Legal status of administrative monopoly in the telecommunications industry

3. Market structure of the telecom industry

4. Behavior of administrative monopolists in the telecommunications industry

5. Social welfare losses

6. Reasons for the formation of administrative monopoly in the telecom industry

Sub-report 2. Administrative monopoly in the oil industry. 1. Market structure of the oil industry

2. Formation and evolution of the administrative monopoly in the oil industry

3. Characteristics and legal status of administrative monopoly in the oil industry

4. Causes of administrative monopoly

5. Administrative monopoly behaviors

6. Welfare loss and distribution distortion

Sub-report 3. Administrative monopoly in the railway industry. 1. Formation and evolution of administrative monopoly in the railway industry

2. Manifestation of the administrative monopoly

3. Efficiency analysis of railway investment

4. Safety on high-speed railways

5. Monopoly behavior and rent-seeking

6. Zhang Shuguang's case: A classic case of using monopoly powers for rent-seeking activities

Sub-report 4. Administrative monopoly in the banking industry. 1. Status quo of the banking industry in China

2. History of the banking industry in China and formation of its administrative monopoly

3. Manifestation of administrative monopoly in the banking industry

4. Distribution distortions and welfare loss caused by interest rate control and banking monopoly

5. Estimation of the banking industry's actual net interest income and the state-owned banks' actual performance

6. Estimation of distribution distortion from adjusting reserve requirements rather than interest rates

7. Conclusion

Sub-report 5. Administrative monopoly in the salt industry. 1. Origin and evolution of administrative monopoly in the salt industry

2. Organizational structure

3. Iodine addition of salt and controlled monopoly prices

4. Production and sale of salt: A Two-tiered administrative monopoly

5. International experience

6. Reform and outlook

Sub-report 6: Administrative monopoly in the sports industry: A case study of the football monopoly. 1. Position and power of the sports industry associations in China

2. Dominant position of sports industry associations

3. Harm of the administrative monopoly in the sports industry

4. Solutions.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references and index.

Description based on print version record.

ISBN:

981-4611-07-7

OCLC:

904437993