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龙岩翻译公司关键字：Government's significant features - the universality of all members of society and the coercive power - the government in correcting the natural monopoly that has some obvious advantages. First, governments can exercise the right of taxation and the right to prohibit, restrict new enterprises to enter the natural monopolies. Because only a natural monopoly industries most efficient when production, new enterprises to enter the market will inevitably increase production costs and risks. Second, governments can exercise the right of taxation and punishment, to weaken or eliminate natural monopoly due to lack of competition to consumers or potential product quality, price, service and other issues, strengthen the government's economic functions. Third, the Government direct the exercise of taxing power to prohibit the right of punishment such as the right to reduce transaction costs. The Government has certain organizational costs and other transaction costs advantages.Stiglitz believes that the Government issue of natural monopoly, there are three different solutions. First, the Government took over the ownership of an industry, or the nationalization of the industry. For example, Britain and France had their own national power companies, telephone companies and some utilities nationalized. However, this approach has some problems. Government is usually not very efficient producers. Nationalized industry managers often lack the determination to reduce costs and modernize the force, especially the government is willing to subsidize the industry loss in the case. Second, the private business of the industry, while its control. U.S. general to take this approach. In principle, the regulatory agencies trying to keep the price of corporate control and corporate investment income is commensurate with the lowest level. However, the regulation is valid, really represent the public interest, at this point is controversial. Whether the implementation of the government monopoly or monopoly power should be granted cautiously. In many cases, not only the existence of natural monopolies, and government rules and regulations there. If the Government is efficient, then there is a natural barrier to entry, the Government does not need to use the unique privilege to enhance this. Even if the manufacturers to enter occasionally led to duplication and waste production, its cost and potential benefits of competition
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