莊委桐Juang, Wei-Torng臺灣大學:經濟學研究所林韋宇Lin, Wei-YuWei-YuLin2010-05-052018-06-282010-05-052018-06-282008U0001-2606200813420900http://ntur.lib.ntu.edu.tw//handle/246246/179345We present a world with a large population and random matching rule in trade and investigate the investment incentives under different court rules. The transparency of the decision made by the court is not able to implement the social optimal investment level; even the function improvement of investment efficiency by securing the property rights is doubted. Only under the circumstances the court is available to the information of the production, it is possible for the court to secure property rights to accelerate investment efficiency. We also confirm the solution provided by Coase (1960), which results in the social optimality.1 Introduction 1 Literature Review 3 Baseline Model 5.1 State of the World . . . . . . . . . . . . . . . . . . . . . . . . 5.2 Matching Process . . . . . . . . . . . . . . . . . . . . . . . . . 6.3 Probability of “Completing” a Trade . . . . . . . . . . . . . . 7.4 Optimal Contract Price and Input . . . . . . . . . . . . . . . . 8.5 Social Optimality . . . . . . . . . . . . . . . . . . . . . . . . . 9.6 Court System . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.7 Discussion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.8 Long Term Contract . . . . . . . . . . . . . . . . . . . . . . . 12 Sensitivity Analysis and Extensions 16.1 Sensitivity Analysis . . . . . . . . . . . . . . . . . . . . . . . . 16.2 Legal Cost Issue . . . . . . . . . . . . . . . . . . . . . . . . . . 18.3 Court Parameters - Variation of Decision Rule . . . . . . . . . 19.4 Court Parameters - Information Sufficiency . . . . . . . . . . . 21.5 Coase Solution . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Concluding Remarks and Further Extensions 27.1 Concluding Remarks . . . . . . . . . . . . . . . . . . . . . . . 27.2 Further Extensions . . . . . . . . . . . . . . . . . . . . . . . . 28application/pdf989801 bytesapplication/pdfen-US契約司法制度財產權投資ContractsLegal systemProperty RightInvestmentthesishttp://ntur.lib.ntu.edu.tw/bitstream/246246/179345/1/ntu-97-R95323006-1.pdf