中国电信业的制度变迁与制度均衡（Institutional change and institutional equilibrium of China Telecom）.docVIP

中国电信业的制度变迁与制度均衡（Institutional change and institutional equilibrium of China Telecom） The process of China Telecom reform is essentially the process of institutional change. In order to adjust the imbalance between supply and demand of the China Telecom system, since the reform and opening up, especially since the mid 1990s, the China Telecom has carried out a series of major reforms, with remarkable achievements in development. Then, through the dynamic adjustment of the supply and demand of the system, has it reached the basic equilibrium now? Institutional equilibrium of China Telecom industry To judge whether the system arrangement has reached the equilibrium point, first of all involves the criterion of equilibrium. Although there is no institutional equilibrium standard in the strict sense, but the change trend of the China Telecom industry market reform and the orientation of the global telecom industry, so we have reason for effective competition in the telecommunications market pattern as a reference of system balance. The so-called effective competition, is the industry of economy of scale and moderate competition combined with the market structure, it can improve the efficiency of resource allocation, stimulate industrial technological innovation, reduce production and transaction cost, fully meet the needs of society, realize the Pareto improvement of telecommunication industry. According to this standard, the current system performance of China Telecom is not ideal. From the market structure: because our country is still relatively strict implementation of market access policy, restrictions on domestic and foreign private capital to enter the telecommunications services, to a certain extent inhibited the rapid growth of supply capacity and technology, business and market the pace of innovation, hinders the operation efficiency is improved; the market concentration is too high, so that the operators difficult to carry out fair and effective competition at