Did Reform Improve the Performance of Monopolistic Industries? (An Empirical Study of China's Telecommunications, Electricity, Civil Aviation, and Railway Industries)

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Features: It is meaningful to study the specific characteristics of the structure of monopolistic industries in China, the economic achievements and market laws since the reform and opening-up, and to explain the inherent links between industrial changes and performance evolution. The reforms in monopolistic industries such as telecommunications, electricity, civil aviation, and railways are particularly noteworthy. These industries themselves share common features such as original natural monopolies, operation based on network platforms, barriers to liberalized trade, and a lack of effective competition, and were initially subject to relatively strict regulation. However, too much or too little regulation can affect the distribution of economic wealth and the operational performance of enterprises. This book provides a detailed analysis and empirical study of the performance evolution, regulation, and policy effects in China's traditional monopolistic industries such as telecommunications, electricity, civil aviation, and railways since the founding of the country, especially during the reform phase in the 1980s and 1990s.