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九江翻译公司关键字：While the Western market毕业论文翻译成英语文章 economies since the last save of the vertically integrated power Company翻译论文公司最专业 and save transaction costs, but whether it is the return on investment英文论文翻译费用多少钱 of private enterprises control or nationalization has drawbacks. Return on private investment英文论文翻译费用多少钱 in the control of power companies have the following main shortcomings. First, assume control of the natural monopoly control of prices are accurate, without cost, and even used for. But experience survey does not prove the above assumption. [19] control of the regulatory rules of corporate profits produced inefficient incentives. The price does not reflect the regulatory agencies to provide services to the marginal cost. Practice often leads to control the profits of power companies is too high or too low. [20] excessive profits to invest in electric power construction business transition. Conversely, low profits have resulted in a shortage of electricity supply. Second, the assumption of natural monopoly regulation under the control of business enterprises will be the same as the competitive pressure on the market毕业论文翻译成英语文章 to react. [21] experience survey showed that this assumption is wrong. [22] from the perspective of incentives and constraints, return on investment英文论文翻译费用多少钱, regulatory approach to inefficient enterprises to long-term business. This increase of the low efficiency of X-power enterprises. In contrast, although partially retained control of hysteresis good business management initiative, the return on investment英文论文翻译费用多少钱 competitive market毕业论文翻译成英语文章 deprived of the control method of the efforts of entrepreneurs, common sense and innovation of high returns. [23]
With the market毕业论文翻译成英语文章 entry of private electricity companies and return on investment英文论文翻译费用多少钱 compared to the control defects, the vertically integrated natural monopoly also nationalized beleaguered. Ontario, Canada, Ontario Power Company翻译论文公司最专业 (Ontario Hydro) is a very inefficient operation of the example. In the province's electricity industry in the late nineties before the reorganization, secured by the provincial government of Ontario Power Company翻译论文公司最专业 5 billion debt up to 3 million Canadian dollars, accounting for 30% of the province's total liabilities. [24] from 1991 to 1993 recession, the power companies have an average annual rate of 30% tariff increase. Political pressure to consumers, the Company翻译论文公司最专业 in 1993 consumed 3.6 billion Canadian dollars in restructuring costs (the largest in Canadian history of losses). In 1998, for the electricity industry restructuring, the
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