Railway Reform and Incentive and Constraint Mechanisms

Author: Gao Hongwei
Publisher:
Publish Date: 2004-08-01
Features: The transportation system reform is a profound historical transformation. China's railway enterprises are at a critical juncture of major reforms, facing numerous reform issues that urgently need to be discussed and resolved. Transportation workers and economists have conducted relentless research and exploration in areas such as government regulation, economies of scale, transaction costs, and more. This book attempts to examine the efficiency of railway enterprises from the perspective of incentive and constraint mechanisms, applying an analysis system of corporate operator incentive and constraint mechanisms formed by theories such as principal-agent theory, property rights theory, and transaction cost theory, within the context of network industries. The book primarily studies the economic characteristics of network industries and railway networks, the special manifestations of incentive and constraint mechanisms of railway enterprises under network structures, empirically investigates the characteristics of incentive and constraint mechanisms of state-owned railway enterprises, and finally puts forward some suggestions for the reform of China's railway enterprises. This book is primarily intended for theoretical researchers in fields such as railways and transportation, but it can also be read by readers interested in network industry organization and corporate governance structures.