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- W2353375618 abstract "An economy can be considered as a network of interactions among the agents involved. Property rights are set of rules that have values. The values of property rights are determined in the process of interactions among agents. The values of property rights are different in different times and are different for different agents , that makes it possible for exchanging property rights among agents and evolution of property rights. The niche of an agent can be considered as the set of property rights that the agent possesses. The overlap of niches means that the intersection of property rights are not empty. The overlap of niches results in the externality, and the emergences and evolutions of institutions are the processes in that the externalities are produced, translated and balanced. " @default.
- W2353375618 created "2016-06-24" @default.
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- W2353375618 date "2005-01-01" @default.
- W2353375618 modified "2023-09-23" @default.
- W2353375618 title "An Possible Evolutionary Mechanism of Institutions——the Transformation and Equilibrium of Externalities" @default.
- W2353375618 hasPublicationYear "2005" @default.
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