产权交易与契约结构

每一个不同的契约,就代表着一种不同的产权交换关系,产权的交换关系越复杂,契约的设计也越复杂。当然,契约的复杂化必然增加交易成本,如果交易成本大于产权变更后的收益,那这项产权变更将无法实施。文章就是基于以上考虑,从契约与产权的关系的角度,来讨论产权交易与契约结构的关系问题。

Transaction of Property Right and Structure of Contracts

Contracts are core concept of market economy, because they are institutional frame of business activities and they can put exchange of property right into action. Property right is precondition of transactions and is the result of transactions at the same time. The process of transaction is the process of transferring property right and transferring property right must be realized through contracts. Different kinds of contracts stand for different kinds of exchange relation of property right. Complexity of ...