产权与不完全合约

Property Rights and Incomplete Contracts

论述了不完全合约的性质、经济含义和产生原因 ,并分析了产权交易与流动以及产权效率的最优配置问题。说明了正是由于产权的不完全性 ,才产生了剩余权利问题 ,把剩余控制权和剩余索取结合在一起 ,分散对称地分配给生产要素所有者 ,最能产生有效的激励作用。

This paper is concerned with the characteristics,economic implications and causes of incomplete contracts and the flowing of the property rights as well as the effects and the optimal allocations of property rights.It also argues that the cause of production of residual rights is due to the incomplete contract.If the residual control is combined with residual claim,and they are allocated symmetrically to all factors,thus producing more effective incentive function to all participants.