Studies On Financing Strategies Of The Property Right Of Resources And Environment

After 30 years of rapid growth, China's economy has gradually entered the middle-Postera of industrialization. Constraints on resource and environment have become increasinglyprominent. China's 12th Five-Year Plan made it clear that resources and environmentalproblems have become the top priority of our economic and social lifeHow to implement the 12th Five-Year Plan, crack bottlenecks of the resources andenvironment during economic development, promote the economic "rapid" development,coordinate the relationship between economic growth and the resources and environment, andachieving ultimately sustainable development has become the issue which academic andpractical must face. This paper attempts to start from the property rights theory on theresource industry facing waste of resources, environmental damage and difficulties infinancing and other issues in-depth research, and provide references and suggestions for theproperty rights system construct and financing strategies choice through the property rights onresources and the environment.To analyses the causes of generating the system of property rights, this paper argues theresulting conditions is that the scarcity of resources, transaction costs and the ratio betweenthe costs on exclusiveness of property rights and the income from property rights. To analysesthe value of the property rights system, this paper argues that the property rights systemreflect the order value, the efficiency value, the freedom value, the fair value, the interestvalue and the human rights value.To analyses the four elements of the traditional system of property rights, and putforward the views of the two elements of the system of property rights. The traditional systemof property rights including the definition of property rights, the allocation of property rightsn, the transactions of property right and the protection of property rights. This article believethat the system of property rights include the definition of property rights and the usage ofproperty rights. The definition of property rights including administrative confirmation,administrative licensing and legal recognition.The usage of property right contains theexercise of property rights and the protection of property rights. The exercise of propertyrights includes transactions of property right, production and processing, consumer ofproperty right and other exercises of system of property rights.To analyses Kos's transaction cost theory, and perfect this theory and the gametheory.This article consider that the Kos's so-called "transaction costs" is not complete. Inessence, transaction costs include both external organizations purchase costs (Kos within the meaning of "transaction costs"), and the trading other's profits. As the subversivation of thegame throey, This article believe that game is the form of contest for market, the traditionaleconomics had recognized that the contest for market and suppose the complete contest-theuncooperative game.The game result is that the players'profits are minimized,and the publicprofits are maximized. It accords with Smith's conclusion.To discuss the nature of property rights of the resources and environment, consider theproperty rights of resources and environment is a composite right, with the real right, creditor,equity, administrative license; a complex body of public and private rights, a complex body ofeconomic and social rights, a complex body of real rights and administrative concessions, acomplex body of rights and obligations.The analysis of the relationship between the resources, property right, finances, andraises the concept Points of the large resources, large property rights, large financing. Tobelieve that the financing is the intermediation of resources, the mode is the transactions ofproperty rights, in essence, it is a resource allocation activity. As the game on rightdistribution between the central and local, this article raises the Game mode ofsemi-cooperation Clever Pig, with game equilibrium, the outcome of the game is little to thelocal, large normalized central, intermediate shared by the two.To discuss various theories of financing strategies, and on this basis, bring forward thefinancing strategy about resources and environment property right, including financing modelorder selection strategy, financing structure selection strategy and financing dominant strategyof Resource industry.