Enterprise investment, local government intervention and coal overcapacity: The case of China

详细信息    查看全文

• 作者：Yanfang Zhang ; Ming Zhang ; Yue Liu ; Rui Nie ; ^{nieruicumt@163.com}
• 关键词：Coal overcapacity ; Capacity investment ; Formation mechanism ; Local government ; Three-stage game model
• 刊名：Energy Policy
• 出版年：2017
• 出版时间：February 2017
• 年：2017
• 卷：101
• 期：Complete
• 页码：162-169
• 全文大小：358 K
• 卷排序：101

文摘

The formation of China's coal overcapacity is studied from capacity investors. A three-stage game is developed to depict the boosting effect of coal overcapacity. Local government has been the "behind-the-scenes" operators of coal overcapacity. Coal enterprise's optimal strategy is reaching an investment-max with undersupply. Chinese government should rely more on market mechanisms instead of intervention.