The Development Of Transaction Cost Theory On The Analysis Of Collective Construction Land Entering The Market

In the new stage of China’s urban and rural areas integrated development, collective construction land reasonable entering market is the trend of the time. Our government also adapt to the trend and lunching piloting the implementation of collective construction land entering the market in many cities. The pilots vary in the form and the results, which makes to find an effective framework for the evaluation and analysis of these policies is particularly important. An important goal of collective construction land entering the market is the resource allocation efficiency. Based on these, this research tried to use the transaction cost theory to analyse and interpret the resource allocation efficiency of the collective construction land entering the market, and finally provides some suggestions for the related policy design.This paper begins with introducing the current situation and background of China’s collective construction land entering the market, and then puts forward the content and purpose of this study. First of all, through the expansion of transaction cost theory constructed the framework of the analysis. First is to expound the necessary to subdivide and standard of trading, after this, according to transaction cost theory defines the different attributes and governance structure of every stage of "transaction" of collective construction land entering the market, then according to the core logic of the theory, matching the different transaction attributes with the governance structure and analyzing the effect of specific matching on transaction cost. In the end, the relationship between the transaction costs and the economic benefits of the collective construction land entering the market is used to the understanding and explanation the results of the collective construction land entering the market.After that, the theoretical analysis is made on Chongqing and Deqing policy innovation, which are two very representative of each patterns of the collective construction land entering the market-- indirect and direct entering mode. And the results of the previous theoretical analysis are verified by the case of these two cities.Finally, Based on the theory and case analysis, summarizes the conclusions and provide policy reforming advice of the collective construction land entering the market.