大型煤炭企业交易规制组合设计与应用

A study on the design and application of a combined trade governance for large-sized coal companies

结合煤炭市场区域性和交易规制差异性的特点,利用信息经济学的基本原理,设计了符合大型煤炭企业双头关系交易特点的交易规制组合,实现市场价格发现和不同交易规制价格传导,并对某大型煤炭企业应用实证分析。

Based on the traits of coal geographic markets and trade governance,this paper designs a combined trade governance system,which consists of bilateral bond trade and market trade,for large-sized coal firms. This system aims to discover the market equilibrium price and to transmit this price to the bond price through negotiation. This design has been put into practice in a certain large-sized coal company and the results of the implementation are analyzed in this paper.