中文摘要：

新一轮的混合所有制改革将重塑经济利益格局。本文首先分析了国有资本和非国有资本在垄断产业混合所有制改革中的行为博弈过程：在此基础上．用比较制度实验方法，检验了国有资本和非国有资本的行为进路。实验结果显示．非国有资本参与混合所有制改革的期望收益更高．且越早参与获利越多．但其收益会受到交易成本和国有资本超级股东身份的影响；对国有资本而言。其收益不受交易成本的影响，且超级股东身份会使其拥有较高的谈判能力。发展混合所有制经济是深化国有企业改革的重要举措．而国有资本与非国有资本是在不同的运作体制和行为认知的框架上发展而来的．因此．二者的混合开始会遇到较大困难．如混合所有制企业中可能会出现不同的权力认知取向。只有经过较长时期的认知和行为的协调．尤其是坚持市场在混合所有制经济发展中的主导地位，才能获得混合所有制改革的实际绩效，同时将国有资本塑造成为“有经济活力、控制力、影响力和抗风险能力”的市场主体。完成国有资本主动适应和引领经济发展新常态、实现国有资产保值增值的使命。

英文摘要：

The new round of mixed ownership reform will reshape the pattern of economic interests. This paper studies the behavioral benefit-game between state-owned capital and non-state-owned capital, and introduces the comparative institutional experimental economics paradigm to test the behavioral approaches of different capitals. Experimental results show that non-state-owned capital that participates in mixed ownership reform can get more expected return, and this profit is positive related with the earlier participation order. Meanwhile, its earnings will be negative affected by the transaction cost and state-owned capital super shareholder＇s identity. However, benefits of state-owned capital will not be influenced by the order of negotiations and transaction costs, because its super shareholder＇s identity raises bigger bargaining power. Developing mixed ownership economy is an important method of deepening SOE reform, but people should realize that non state-owned capital and state-owned capital develop from different operation system and cognitive framework, for example, there may be different cognitive orientation of power among different mixed ownership enterprises, which means the mixture may encounter difficulties at first stage. Only by long-term coordination of cognition and behavior, particularly adhere to the dominant position of market mechanism in the development of mixed ownership economy, can mixed ownership reform obtains actual success, and the state-owned capital can enjoy more economic vibrancy, control forces, influence and risk resisting capabilities, and becoming a main power to support and lead economic development.