“三位一体化”的产权交易模式研究

Research on the trinity mode of property right transaction

研究发现,协议转让、招投标和拍卖三种主要转让方式在我国国有产权交易实践中不是独立的、相互排斥的。相反,它们结合成具有前后继起性的"三位一体化"交易模式:三种转让本质上是一个交易的三个环节,具体推进到哪一步取决于交易的竞争程度。本文从产权供求双方的现实约束及相应的行为假定对该模式及其运作机理、特点作了解释,发现它是一个有效的交易模式,在此基础上,对由该模式下的非"价高者得"原则所推出的"国有资产流失论"进行分析,最后提出该模式需要进一步解决的问题。

Researches find that the three major transfer patterns, negotiated transfer, bidding and auction, are not independent and exclusive in the transaction of state - owned property right in China. On the contrary, they are combined to form a consistent trinity transaction mode. Essentially, they constitute three links of one transaction. The specific form depends on the competition of the transaction. This article explains the mode and its mechanism and characteristics by the analysis on the realistic restraint on the supply and the demand of property right and the corresponding behavior hypothesis. We find it an effective mode, Then we discuss＂the theories of the loss of state - owned assets＂ which are not inferred by the principle of＂selling to the highest bidder＂, Finally, we propose some problems to be settled in the mode.