THE CASE FOR A COMMUNITY TRANSACTION ENGINE: GETTING COASE FOR THE TWENTY‐FIRST CENTURY

New types of marketplace are now becoming viable. They can slash transaction costs, bring new resources into the economy and expand economic opportunity. These markets can be grown by the private sector. But, to deliver their full potential, they need a change in the mindset of government.     

The influence of pension funds on corporate governance

Although pension funds have gained importance in the last two decades, their role has not been described in detail by economic models. This article focuses on the scope of these institutional investors when they are not satisfied with a management team of a company in which the pension fund holds a block of shares. Stock holdings by pension funds are largely dispersed. Therefore, any intervention by pension funds in corporate governance requires the formation of a coalition of pension funds. The realization of a coordinated intervention, in turn, is subject to the problems related to the provision of public goods, such as free riding. We find that the stock dispersion and the combined share of pension funds, coordination costs and the attractiveness of the exit option are relevant factors for determining the probability of the success of interventions.     

交易成本、禀赋效应与国有股权转让定价——兼论国有企业混合所有制改革的新思路

国有企业混合所有制改革是积极发展混合所有制经济的关键,完善的定价机制有助于推进国有企业混合所有制改革。国有股转让过程中存在大量的交易成本,扭曲了定价体系。基于科斯定理,可以发现,明晰产权是优化定价体系有效途径。但是,禀赋效应的存在,使得科斯定理无法完全解决国有股转让定价问题。对此,需要采取市场和非市场的政策组合,以此来完善国有股转让定价机制,推进国有企业混合所有制改革。     

论传统外部性理论解决环境代际外部性的失效

代际外部性问题主要是人类代际之间行为的相互影响,尤其是前代对后代、当代对后代的影响。在解决代际外部性上,施害者、受害者和政府生活在不同的时空中,新古典方法几乎就无能为力。产权的界定是在产权主体存在的前提下进行的,所以产权在代际进行界定是不可能实现的,所以通过科斯定理来消除代际的外部性也行不通。     

从马克思主义经济学看庇古分析与科斯分析之异同及其政策启示

针对外部性市场失效引发的生态环境问题,文章从讨论庇古分析与科斯分析的本质着手,运用马克思主义经济学关于个别生产与社会生产之关系的观点,引入价值体系与价格体系的数学规划模型,通过模型分析,从产权过程的角度,讨论庇古分析与科斯分析之并同和不完备性,从制度工具论的角度,归纳了两大分析的政策启示。     

The Coase Theorem Revisited: Implications for Economic Transition

This paper supports the view expressed by other authors that Ronald Coase’s ideas are often misrepresented in the academic world. It restates some of Coase’s main findings with special emphasis on their relevance to processes taking place in Eastern Europe. The goal of this paper is to revisit Coasean theory, to prove that oftentimes it is misrepresented and misinterpreted and to show its relevance to some societies experiencing high transaction costs. The role of the legal system under high transaction costs is stressed in its importance to transitional economies experiencing staggeringly high transaction costs. This paper tries to shed light on the importance of transaction costs in the newly emerging markets and the respective role courts and the government should play in directing economic resources.

村级财务治理新机制:村务(财务)监督委员会及其制度的学理解析——基于浙江武义县后陈村的调查

本文从浙江武义县后陈村财务监督个案出发,以财务学、制度经济学与法学为主要分析工具,对后陈村村务（财务）监督委员会组织及其制度进行学理解析,最终提出一般性结论与建议.     

废墟中的景观:新制度主义批判

在资产阶级经济学的各个分支中,新制度经济学可算是\"此物最相思\",但实际情况并非如此。所谓的古典主义—新古典主义—新制度主义,乃是资产阶级本体论意义上的虚假理论发展之路;其\"虚假\"就在于本体论工作预设,在于逻辑推理所依据的本体的虚假性,这样才有社会物理学→数学物理学→现象学的社会物理学的体系更迭性和知识不断翻新,而其中的话语是高度一致的物象学科(工作)语言。这种资产阶级理论为社会主观批判实践提供了\"漫画\",创立工作范型,巧设了批判模本,而要求研究对象规定的真正意义的去魅。