coase theorem of property

Yoram Barzel based his economic analysis of property rights on the Core Theorem of Coase and the ambiguity of property rights in the public domain.

姚兰·巴塞尔的产权经济分析是以科斯核心定理和公共领域产权的不确定性为基础的。

The Coase theorem emphasizes that the initial distribution of property right will not influence the efficiency of the system when there is no trade cost.

科斯定理强调在交易费用为零的时候，产权的初始配置不会影响制度的效率。

As a basic theorem of "property rights economics" and "law and economics", coase theorem possesses strong explanatory capacity.

作为产权经济学和法经济学的基础性定理，科斯定理拥有着强大的阐释能力。