Study On The Circulation Of The Management Right Of Toll Roads

Scale economy is the inevitable requirement as the toll road industry develops to acertain stage,but"one company operates one toll road".The decentralized managementmodel clearly deviates from the requirement of scale economy.In order to improve theeffectiveness of the scale operation and the overall capacity of toll roads,market mechanismsneed to be applied to promote the flow of resources in the toll road operating field.The scaleoperation of toll roads calls for the establishment of a relationship between ownership andexpressway assets which is the basis of market mechanism,but the weak and laggedtheoretical researches on the relationship between ownership and expressway assets and theexisting policy are insufficient to guide the practice of resources allocation in the expresswayindustry field.In view of this,the dissertation studies the management right of toll roads andits transfer,which is the most direct and critical content of property rights,to improve thetheory of property rights and promote the further development of the toll roads industry.The dissertation includes three parts:the management right of toll roads;the circulationof the management right of toll roads and the safeguard mechanism.The first part is an overview of road management rights,including the first two chapters.The first chapter has taken the road property right relations as the breakthrough point,expounded the reason of the management property rights separation and introduced the roadproperty right.Based on the predecessors' related study on the right of management,thesecond chapter defines the concept and the content of the management right,sums up theattribute of the management right systematically and makes a detailed research on thecomposition of the toll road management right which lays the foundation for the research ofthe circulation of the management right of toll roads.The second part,including chapter 3 and chapter 4,studies the circulation of themanagement right of toll roads.Based on the concerning property right theory and modemtheories of economy,the third chapter has mainly discussed the market disposition of the roadresources,analyzed the dynamic mechanism and the external conditions of circulation of theroad management right,and made the relations which should be dealt with in the circulationof road management right clear.The fourth chapter has further studied the market operation way of the toll road management right,that is,the circulation way of road management right.Part three discusses the safeguard mechanism of the circulation of toll road managementright in chapter 5,chapter 6 and chapter 7.In view of the obstacles in the circulation of tollroad management right,price formation,contract designing and government regulation havebeen proposed to safeguard the circulation of road management right.The 5th chapter hasdiscussed the formation mechanism of toll rate,the assessment methods and put forward theimprovement measures accordingly.The 6th chapter has analyzed the nature,and the maincontents of the contract of the circulation of toll road operation rights.Based on theprincipal-agent theory,this dissertation has studied the incentive and restraint mechanisms ofprincipal-agent contract of tolling for repay roads.Based on the incomplete contract theory,this dissertation has designed the circulation contract of tolling for operation roads.The 7thchapter has analyzed the problems in the circulation of operation rights,constructed theregulation framework and put forward the idea of regulation,regulation content and theregulation measures.Serving for the practice is the ultimate goal of the dissertation.Hopefully,thedissertation will provide the theory basis of the circulation policies of road managementrights and the theoretical support for the practice of the circulation of road management rightsand guide it,and finally promote the healthy development of road industry.