CAJ | 학술논문

对于自然垄断产业采用何种所有权结构的规制模式．在理论研究与实践操作中都存在着多样化的选择。本文主要比较分析了民营外生规制、国有内生规制和混合所有权规制三种不同组合模式，并认为混合所有权规制模式较好地兼容了其他模式的优点．可以成为自然垄断产业改革与治理进程中的一个可取路径。欧盟国家自然垄断产业的改革经验，从实践上证明了混合所有权规制模式的可行性，尽管其也存在一定的局限性。同时．本文认为对于转型改革时期的中国，针对自然垄断行业的国有企业．可以考虑采用混合所有权规制模式的改革路径，通过股权开放的形式放松民营资本进入自然垄断产业的行业管制，并有效、平稳地建立起自然垄断产业规制体系。
대우자연롱단산업채용하충소유권결구적규제모식．재이론연구여실천조작중도존재착다양화적선택。본문주요비교분석료민영외생규제、국유내생규제화혼합소유권규제삼충불동조합모식，병인위혼합소유권규제모식교호지겸용료기타모식적우점．가이성위자연롱단산업개혁여치리진정중적일개가취로경。구맹국가자연롱단산업적개혁경험，종실천상증명료혼합소유권규제모식적가행성，진관기야존재일정적국한성。동시．본문인위대우전형개혁시기적중국，침대자연롱단행업적국유기업．가이고필채용혼합소유권규제모식적개혁로경，통과고권개방적형식방송민영자본진입자연롱단산업적행업관제，병유효、평은지건립기자연롱단산업규제체계。
There are diversified choices on which kind of ownership structure should be applied to the natural monopoly regulatory regime. This paper would design and analyze three typical regulatory models： external regulatory model with private ownership （ERM）, internal regulatory model with state ownership （IRM） and mixed ownership regulatory model （MRM）. The mixed ownership regulatory model could be the appropriate choice on most situations because it contains the merits of two others. EU＇s experiences have showed that mixed ownership regulatory model could be a feasible way, although it still has some shortcomings. As China is in the process of transition and reformation, the mixed ownership regulatory model is especially suitable for the reform of SOE in monopoly industries. It could set up the regulatory regime effectively and stably when monopoly industries are opening to the private investors.