Optimal Privatization of Vertical Public Utilities - Privatisation Optimale Dans Un Service Public Verticalement Intégré.
Optimal Privatization of Vertical Public Utilities - Privatisation Optimale Dans Un Service Public Verticalement Intégré.
复制标题
垂直公用事业的最佳私有化 - 私有化 Optimale Dans Un Service Public Verticalement Intégré。
DOI：
10.1111/j.1540-5982.2010.01596.x
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发表时间：
2010
期刊：
影响因子：
--
通讯作者：
Lasheng Yuan
中科院分区：
文献类型：
--
作者：
Jean;Lasheng Yuan
我们从公共财政的角度研究垂直整合的公用事业(例如电力)的重组、剥离和放松管制。公用事业的最佳重组计划如何取决于公共资金成本和私有化的X效率收益，上下游部分的最佳竞争程度是如何联系起来的，以及私有化对消费者价格的影响。公共资金成本越高，私有化后的价格越有可能超过监管的公用事业价格。私有化带来的X效率收益越大，私有化后的价格下降的可能性就越大。
We examine restructuring, divestiture, and deregulation of a vertically integrated public utility, (e.g., electricity), from a public finance perspective. How an optimal restructuring plan for the utility depends on the cost of public funds and on the X-efficiency gains from privatization, how the optimal degree of competition in the upstream and downstream segments are connected, and implications of privatization for consumer prices are examined. The higher the cost of public funds, the more likely the post-privatization price will exceed the regulated public utility price. The greater the X-efficiency gains from privatization, the more likely the post-privatization price will fall.