本文的分析表明“小灵通”现象的发生是市场需求结构、管制放松的路径和管制权力安排共同作用的结果。

The concluding of this paper is that the "Xiaolingtong"(PHS)was the results of demand structure, way of deregulation and the power arrangements of regulatory.

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公司权力与租金在公司各利益相关者之间的分配受国家管制公司的法规和政策的深深影响。

A country's legal rules and policies that regulate corporations deeply affect the allocation of corporate power and rents between owners, managers and other stakeholders.

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管制商业的权力不能削弱。

The power to regulate commerce could not be qualified.

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