The incompleteness of China’s contracting and operating right.jot rural land is, at the present stage, the ownership root of the slowness of developing rural land market; it also related to the undefinedness of its l...The incompleteness of China’s contracting and operating right.jot rural land is, at the present stage, the ownership root of the slowness of developing rural land market; it also related to the undefinedness of its legal attribute.This incompleteness cuts the farmers’income made from operating land,lowers the dealing price of cultivated land,raises the cost thereof,reduces the net benefit from the market dealings of farmland, and finally abridges the supply and demand of farmers’s land. To quicken the commercialization of China’s farmland, we must, based on the real right theory, regulate China’s system of contracting and operating right to farmland; and by means of legal system construction and property right arrangement, uncork the bottleneck of property right system in developing China’s farmland market.展开更多
Starting with a case study of safety in production, I attempt, in this article, to use the framework of modern ownership theory, and not the traditional method, to analyze the internalities and externalities of owners...Starting with a case study of safety in production, I attempt, in this article, to use the framework of modern ownership theory, and not the traditional method, to analyze the internalities and externalities of ownership on the one hand and, on the other, the root of government control thereof. According to the ownership theory, because transaction cost is positive, ownership cannot be completely and clearly defined, and a part must be positioned in the public domain, making traders with advantages in information grab public wealth as their own, thus incurring to the counter party losses not stipulated on terms and conditions of the contract. That is what is called internalities. The purpose of government control, therefore, lies in reduction of the cost of completely defined ownership, and raise in efficiency of resource allocation. On this basis, this paper will finally integrate the internalities the externalities into one in the same framework of ownership theory, causing the two factors and government control to have a unified theoretic foundation.展开更多
文摘The incompleteness of China’s contracting and operating right.jot rural land is, at the present stage, the ownership root of the slowness of developing rural land market; it also related to the undefinedness of its legal attribute.This incompleteness cuts the farmers’income made from operating land,lowers the dealing price of cultivated land,raises the cost thereof,reduces the net benefit from the market dealings of farmland, and finally abridges the supply and demand of farmers’s land. To quicken the commercialization of China’s farmland, we must, based on the real right theory, regulate China’s system of contracting and operating right to farmland; and by means of legal system construction and property right arrangement, uncork the bottleneck of property right system in developing China’s farmland market.
文摘Starting with a case study of safety in production, I attempt, in this article, to use the framework of modern ownership theory, and not the traditional method, to analyze the internalities and externalities of ownership on the one hand and, on the other, the root of government control thereof. According to the ownership theory, because transaction cost is positive, ownership cannot be completely and clearly defined, and a part must be positioned in the public domain, making traders with advantages in information grab public wealth as their own, thus incurring to the counter party losses not stipulated on terms and conditions of the contract. That is what is called internalities. The purpose of government control, therefore, lies in reduction of the cost of completely defined ownership, and raise in efficiency of resource allocation. On this basis, this paper will finally integrate the internalities the externalities into one in the same framework of ownership theory, causing the two factors and government control to have a unified theoretic foundation.
