所有权类型的激励效果与国有资产布局的关系

Relationship between Incentive Effect of Ownership Type and Allocation of State-owned Asset

从不同所有权类型的激励效果出发,在社会福利最大化的约束下,研究了私有产权与国有产权在产业间的配置问题。基本结论如下:私有制下企业经理工作努力水平、创新投资、成本降低投资高于国有制下的水平,但私有制下的公共投资低于国有制下的水平:就某一产业来说,从社会整体效益来看,存在国有产权与私有产权的权衡问题;具体而言,当产业外部收益较大且产业重要程度较高时,应采取国有所有权形式,否则应采取私有所有权形式。

Starting from the incentive effects of different ownerships,this paper studies the allocation of private ownership and state ownership under the object of maximizing social welfare. The conclusion is as follows：the levels of manager＇s work effort, innovation investment, cost-reducing investment under private ownership are higher than those under state ownership, but public investment under private ownership is lower than that under state ownership; from the perspective of total social welfare, there exists a trade-off between private ownership and state owner-ship in a certain industry;specifically,when some industry has a big externality and is important,state ownership should be adopted.