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本文分析了交易的专用性(单边与双边)、成长性、外部选择、制度环境、交易费用分摊等因素对合约期限与时间治理的内生影响机制。研究发现,提高专用性与成长性、限制外部选择及改善中性的制度环境会延长合约期限,但交易费用分摊对合约期限的影响取决于交易参与人的交易费用时间弹性的大小比较;专用性、成长性、交易费用分摊、中性制度环境对合约时间治理效应的影响取决于交易参与人的交易费用时间弹性的大小比较,但改善非中性的制度环境却不利于时间治理;双边专用性投资会对合约期限与时间治理起到独特的调节作用。
This paper analyzes the endogenous impact mechanism of transaction duration (unilateral and bilateral), growth, external selection, institutional environment, transaction cost allocation and other factors on contract duration and time governance. The study found that increasing the specificity and growth, limiting external choices and improving the neutral institutional environment will extend the contract duration, but the impact of the transaction cost allocation on the contract duration depends on the time flexibility of the transaction costs of transaction participants; , Growth and transaction cost sharing. The impact of the neutral system environment on the governance of contractual times depends on the comparison of the time elasticity of the transaction costs of transaction participants. However, improving the non-neutral institutional environment is not conducive to the governance of the time. Bilateral specialization Investment will play a unique role in regulating the duration and timing of contracts.