Economics, Econometrics and Finance
8 years ago

Ratchet effect in policy-monopolized industries leads to economic transformation.

Commercial Research
A Survey to Price-Making Mechanism in Policy-Monopolized Industries
Yuqing He

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The article discusses how government pricing policies in certain industries can lead to inefficiencies. By introducing competition among different investors bidding for business rights, the true cost levels in these industries can be better determined. This approach can help guide policy monopolies towards a more economically beneficial path during times of reform.