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- W2363560225 abstract "From the transaction cost perspective,Barzel uses property right,power and game theory to study the origin,the characteristics,the function,the scope and the operation of a state,and the relationship between a state and a society.The state originates from the demands of implementing contracts.State,as the ultimate third-party,depends on violence to implement transactions contracts,and it increases the value of assets by reducing transaction costs.The quantities of the contracts implemented decide the functional scope of a state.How to allocate the income of contract implementation reflects the relationship between a state and a society,and the control mechanisms of the operation of a state ensures the rational income allocation." @default.
- W2363560225 created "2016-06-24" @default.
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- W2363560225 date "2010-01-01" @default.
- W2363560225 modified "2023-09-25" @default.
- W2363560225 title "The Analytical Framework of Barzel's State Theory:A Perspective from the Theory of Transaction Cost" @default.
- W2363560225 hasPublicationYear "2010" @default.
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