Abstract

Info

Title:: Research progress of rent dissipation theory and application prospect of toll road industry

Author(s):: XU Hai-cheng; JIA Rui-ning; BAI Peng-rui; School of Economics and Management, Chang’an University, Xi‘an 710064, Shaanxi, China

Keywords:: toll road; administrative monopoly; incomplete property rights; rent dissipation theory; literature review

Abstract:: By adopting the method of literature review, this paper combs the development trace and the core content of rent dissipation theory. Based on what are mentioned above, through summarizing and assessing the existing applied literature of rent dissipation theory, the thesis analyses and draws lessons from its advantages in quasi public goods, government regulation, and incomplete property rights. With converse thinking, oriented towards the economic characteristics of the toll road industry, the paper argues the feasibility of the theory used in toll road and related problems. It gets a conclusion of the promising application prospect when applying rent dissipation theory to the toll road industry.