上海轨道交通投融资体制改革的实践与内涵:市场化选择与交易费用的困惑  

The Practice and Connotation of the investment and financing system reform for Shanghai rail transit:Puzzles in Marketization Choice and Transaction Cost

作　　者：蔡蔚[1] 

机构地区：[1]复旦大学经济学院,200433

出　　处：《上海经济研究》2011年第7期107-112,共6页Shanghai Journal of Economics

摘　　要：上海的城市轨道交通经历了二十年时间走过了初始发展期和集中发展期,步入了网络化阶段,其投融资体制也相应地经历了两次巨大的变革。本文分析了上海城市轨道交通投融资体制改革的实践历程,建立了城市轨道交通投融资体制的"委托—代理"理论模型,利用模型分析了上海轨道交通投融资体制改革的机理,揭示了政府选择市场化机制来降低委托成本和选择体制复归将市场化成本转化为企业内部成本的改革内涵。Shanghai Rail Transit has gone through the initial evolution process and the centralization evolution process during two decades and has stepped into the stage of network.The investment and financing system for Shanghai rail transit has experienced two great changes accordingly.This paper analyzed the practice course of the investment and financing system reform for Shanghai rail transit.The model of the investment and financing system for rail transit is created based on the principal-agent theory.The evolution mechanism of the investment and financing system reform for Shanghai rail transit is demonstrated by the model.The author has also revealed the reform connotation is that the government chooses the Marketization to reduce principal-agent cost and chooses the system reverting to transform the market cost into the company interior cost.

关 键 词：城市轨道交通 投融资体制 市场化 交易费用 

分 类 号：F124[经济管理—世界经济]