一、国有企业产权及其交易特点的新制度经济学分析 (一) 产权交易的必要性根据科斯第一定理,“没有权利的初始界定,就不存在权利转让和重新组合的市场交易。但是,如果定价制度的运行毫无成本,最终的结果(产值最大化)是不受法律状况影响的”。定理中“定价制度”指的就是市场制度,“定价制度的运行无成本”是指市场交易成本为零,即 A new institutional economics analysis of the property rights of state-owned enterprises and their transaction characteristics (A) the necessity of property rights transactions According to Coase’s first theorem, “there is no right to the initial definition, there is no rights transfer and regroup the market transactions. However, if the pricing system runs at no cost, the end result (maximizing output) is not affected by the law. ” Theorem “pricing system ” refers to the market system, “no cost of running the pricing system ” refers to the market transaction cost is zero, that is