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The Research on the Incentive Regulation of China’s Urban Public Transport Industry

Author: TianHe
Tutor: ZuoFuMao
School: Liaoning University
Course: Economics of Regulation
Keywords: Incentive regulation Franchise bidding regulation Price cap regulation Rate-of-return regulation
CLC: F572
Type: Master's thesis
Year: 2013
Downloads: 24
Quote: 0
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Abstract


Because of the high-speed of China’s economy growth and urbanization, some cityissues such as traffic jam, vehicle emission pollution are spreading in the whole country.As universal service obligation utilities, urban public transportation contributes a lot inrelieving the traffic congestion, energy conservation and emission reduction. Furthermore,it can narrow gap of resident income distribution and perfect urban structure.The study comprises of four parts.Starting with the necessity of incentive regulation for city public transportation, thestudy mainly explains the reason for regulating China’s public transportation andapplying incentive regulation to China’s public transportation from product attributes likeexternality and quasi-public goods and the two regulation reforms that have been carriedout in China’s public transportation, as well as the development status of publictransportation.The second part is related to the incentive regulation of China’s publictransportation from a whole point of view. The main part of public transportationregulation, the goal of incentive regulation of public transportation and remarks in anincentive regulation way on the current situation of incentive regulation of China’s publictransportation are all included in this part.Following the above, the third part explicates the shortages of incentive regulationof public transportation and its causes. Find out the impediment of regulation subject andproblem of incentive regulation.Finally, according to the above analysis on the predicament of incentive regulationof public transportation, some relative solutions are proposed. Public transportationagency should be established, select appropriate incentive regulation methods in line withthe local public transportation goals, adjust and improve the model of publictransportation incentive regulation, perfect pricing and subsidy mechanism and improvethe supervision of service in public transportation.The study mainly explores the incentive regulation of China’s public transportation,in hope of solving problems like short supply in public transportation, inferior service and insufficient competition, so as to promote public transportation sound development.

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CLC: > Economic > Transportation and economic > Urban transport economy > China's urban transportation economy
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