Allocation of legal rights has been in recent decades a center of attention in institutional economics and law studies. It was studied in 1960 from the perspective of social costs by Ronald H. Coase, who came up with ...Allocation of legal rights has been in recent decades a center of attention in institutional economics and law studies. It was studied in 1960 from the perspective of social costs by Ronald H. Coase, who came up with conclusions still quite influential even today.2 In China, likewise, the problem as it stood in modem Chinese society was studied by Su Li ten years ago However, as a whole, the research undertaken so far in this respect has focused on how to solve the problem of conflict of rights, with little systematic study of problems stemming from what the organs of public power did when they, by means of favorable allocation of legal rights (FALR), imposed extra regulation or provided extra protection with respect to the private rights of one of the parties to a transaction, as occurred, for example, when they banned forcible execution with regard to houses deemed indispensable for dwelling, when they granted tenants priority in purchase.展开更多
文摘Allocation of legal rights has been in recent decades a center of attention in institutional economics and law studies. It was studied in 1960 from the perspective of social costs by Ronald H. Coase, who came up with conclusions still quite influential even today.2 In China, likewise, the problem as it stood in modem Chinese society was studied by Su Li ten years ago However, as a whole, the research undertaken so far in this respect has focused on how to solve the problem of conflict of rights, with little systematic study of problems stemming from what the organs of public power did when they, by means of favorable allocation of legal rights (FALR), imposed extra regulation or provided extra protection with respect to the private rights of one of the parties to a transaction, as occurred, for example, when they banned forcible execution with regard to houses deemed indispensable for dwelling, when they granted tenants priority in purchase.