垂直化双边垄断市场中的交叉所有权、社会福利与政府规制

发布时间：2018-01-14 12:32

本文关键词：垂直化双边垄断市场中的交叉所有权、社会福利与政府规制　出处：《财贸研究》2017年08期 　论文类型：期刊论文

【摘要】：交叉所有权作为现代市场经济中的常见现象,其对社会福利的影响是政府制定规制政策的重要依据,对于中国供给侧结构性改革背景下企业兼并重组及国有企业混合所有制改革具有一定的现实意义。通过构建垂直化双边垄断市场模型,分析交叉所有权对社会福利的影响。研究结果表明,完全的、部分的或不实施交叉所有权都可能符合社会福利最大化的要求,选择何种交叉所有权安排取决于产品差异化与企业决策机制。产品差异化与社会福利之间的关系存在无关联、"倒U型"和单调递增等三种情况,究竟出现哪一种情况取决于交叉所有权水平与企业决策机制。交叉所有权行为通过产品差异化对社会福利产生间接影响。基于此,政府对企业交叉所有权行为的规制要充分考虑企业决策机制、产品差异化等因素,因地制宜,不可盲目实行严厉的规制政策。
[Abstract]:Cross ownership as a common phenomenon in the modern market economy, its influence on social welfare is an important basis for the government regulation policy formulation, has certain practical significance for enterprise mergers and acquisitions background Chinese supply side structural reform and the reform of state-owned enterprises of mixed ownership. By constructing the vertical bilateral monopoly market model, analysis of the impact of cross ownership on the social welfare. The results show that the complete, partial or not cross ownership may comply with the maximization of social welfare, which cross ownership arrangement depends on the choice of product differentiation and decision-making mechanism. The relationship between product differentiation and social welfare are not related, "three kinds of inverted U type" and monotonically increasing, exactly what kind of situation depends on the cross ownership level and decision-making mechanism. Cross ownership behavior through production Product differentiation has an indirect effect on social welfare. Based on this, the government's regulation of cross ownership behavior should take full consideration of the decision-making mechanism of enterprises, product differentiation and other factors, so as not to blindly enforce strict regulatory policies.

【作者单位】：东北大学工商管理学院;东北大学秦皇岛分校经济学院;
【基金】：教育部人文社会科学研究青年基金项目“交叉所有权、最优股权结构与国有企业混合所有制改革:基于双寡头垄断模型的研究”(15YJC790010) 国家社科基金重大项目“建立能源和水资源消耗、建设用地总量和强度双控市场化机制研究”(15ZDC034)
【分类号】：F121;F276.1
【正文快照】： 一、引言随着市场竞争行为的不断演变,交叉所有权已成为常见的市场竞争手段,并广泛地存在于汽车等诸多行业中。所谓交叉所有权(cross ownership),既非两家企业互相持股的交叉持股行为(cross sharehold-ing),亦非行业覆盖广泛的股权投资(equity investment),而是指在一个由多市

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