A thorough investigation was carried out to the pond resources of a county, and Grossman-Hart-Moore （GHM） incomplete contract theory was used to do the economic analysis on the idle pond resources. The result indica...A thorough investigation was carried out to the pond resources of a county, and Grossman-Hart-Moore （GHM） incomplete contract theory was used to do the economic analysis on the idle pond resources. The result indicated that with the deepening of market-oriented economy, the human asset specificity under the incomplete contract had distorted the investment incentives to the governance of ponds that corresponding policies were required to govern the idle ponds.展开更多
基金Supported by the Key Interdisciplinary Studies on "Resources,Environment and Recycling Economy" of Beijing,China (033000541212002)~~
文摘A thorough investigation was carried out to the pond resources of a county, and Grossman-Hart-Moore （GHM） incomplete contract theory was used to do the economic analysis on the idle pond resources. The result indicated that with the deepening of market-oriented economy, the human asset specificity under the incomplete contract had distorted the investment incentives to the governance of ponds that corresponding policies were required to govern the idle ponds.
