Study On Endogenous Ownership

The issue of endogenous ownership have not been given systematic study, but considerable classical literature on ownership arrangements related to the issue of endogenous ownership.Marx believed that the birth and evolution of ownership conditioned by the productive forces in a certain period. New institution Economics on behalf of incomplete contract theory assume that the allacation of ownership is determined by the scale of negotiation force which depends on the element scarcity, as well as a endogenous process.Neoclassical firm theory consider that the residual right structure is endogenous in specialization and division of labor, Yangxiaokai conclude that transaction efficiency through technical changes can not only reach, we can seek through efficient enterprise structure and efficient business ownership structures. With the evolution of the division of labour, the potential for increasing efficiency depends on the alternative of enterprise ownership structure. Neoclassical firm theory follow the tradition of coase and steven-zhuang and develop the relevant study.This thesis is enlightened by the argument of Wangdingding"property rights is a period property technical knowledge and institutional knowledge in the distribution of the crowd", which is followed by the thought of Hayek, combine the Marxism political economics and Smith-coase analysis framework(division of labour and transaction costs) by Yangxiaokai to bring forward my views.The viewpoint of this paper is that the arrangement of ownership is the result of interaction between the technology change and institution change. We use endogenous transaction costs and exogenous transaction costs to depict the status of the institution conditions and technology conditions at a specific time respectively, in other words, the distribution of endogenous transaction costs and exogenous transaction costs determine the arrangement of ownership.In accordance with this thinking, we decompose the factors determined by the endogenous transaction costs and exogenous transaction costs, and...