霍姆斯特罗姆和哈特因其对契约理论所做出的杰出贡献被瑞典皇家科学院授予2016年度诺贝尔经济学奖。契约理论旨在研究如何通过契约安排使得面临不同利益冲突的人们更好地进行合作的问题。本文在简要回顾两位契约理论大师的学术生涯及其主要论著的基础上,阐述霍姆斯特罗姆的完全契约理论、哈特的不完全契约理论框架及其对契约理论发展的贡献,着重探讨契约理论如何通过契约安排解决合作过程中的冲突问题,最后通过契约理论在日常生活的具体应用、经济转型过程中国有企业改革方案设计等问题展示契约理论的价值,以及契约理论对国家治理体系和治理能力现代化的借鉴和参考价值。
冲突与合作经济治理的契约解决之道——2016年度诺贝尔经济学奖得主主要经济理论贡献述评
摘要
参考文献
3 哈特. 企业、合同与财务结构[M]. 费方域, 译. 上海:上海三联书店, 2006.
4 钱颖一. 企业理论[A]. 载于汤敏, 茅于轼. 现代经济学前沿专题(第一辑)[C]. 北京:商务印书馆, 1989.
5 田国强. 如何实现科学有效的体制机制重构与完善-机制设计理论视角下的国家治理现代化[J]. 人民论坛, 2014, (26):17-21.
9 Brousseau E, Glachant J M. The economics of contracts:Theories and applications[M]. Cambridge:Cambridge University Press, 2002.
10 Fehr E, Hart O, Zehndera C. Contracts as reference points-experimental evidence[J]. American Economic Review, 2011, 101(2):493-525. DOI:10.1257/aer.101.2.493
11 Grossman S J, Hart O D. Takeover bids, the free-rider problem, and the theory of the corporation[J]. The Bell Journal of Economics, 1980, 11(1):42-64. DOI:10.2307/3003400
12 Grossman S J, Hart O D. An analysis of the principal-agent problem[J]. Econometrica, 1983, 51(1):7-45. DOI:10.2307/1912246
13 Grossman S J, Hart O D. The costs and benefits of ownership:A theory of vertical and lateral integration[J]. Journal of Political Economy, 1986, 94(4):691-719. DOI:10.1086/261404
14 Grossman S J, Hart O D. One share-one vote and the market for corporate control[J]. Journal of Financial Economics, 1988, 20:175-202. DOI:10.1016/0304-405X(88)90044-X
15 Holmström B. Moral hazard and observability[J]. The Bell Journal of Economics, 1979, 10(1):74-91. DOI:10.2307/3003320
16 Holmström B. Moral hazard in teams[J]. The Bell Journal of Economics, 1982, 13(2):324-340. DOI:10.2307/3003457
17 Holmström B. Managerial incentive problems:A dynamic perspective[J]. The Review of Economic Studies, 1999, 66(1):169-182. DOI:10.1111/roes.1999.66.issue-1
19 Holmström B, Kaplan S N. The state of U.S. corporate governance:What's right and what's wrong?[J]. Journal of Applied Corporate Finance, 2003, 15(3):8-20. DOI:10.1111/jacf.2003.15.issue-3
20 Holmström B, Tirole J. Inside and outside liquidity[M]. Cambridge, MA:MIT Press, 2011.
21 Hart O. Different approaches to bankruptcy[R]. NBER Working Paper No. 7921, 2000.
22 Hart O, Moore J. Property rights and the nature of the firm[J]. Journal of Political Economy, 1990, 98(6):1119-1158. DOI:10.1086/261729
23 Hart O, Moore J. A theory of debt based on the inalienability of human capital[J]. The Quarterly Journal of Economics, 1994, 109(4):841-879. DOI:10.2307/2118350
24 Hart O, Moore J. Default and renegotiation:A dynamic model of debt[J]. The Quarterly Journal of Economics, 1998, 113(1):1-41. DOI:10.1162/003355398555496
25 Hart O, Moore J. Foundations of incomplete contracts[J]. The Review of Economic Studies, 1999, 66(1):115-138. DOI:10.1111/roes.1999.66.issue-1
26 Hart O, Moore J. Contracts as reference points[J]. The Quarterly Journal of Economics, 2008, 123(1):1-48 DOI:10.1162/qjec.2008.123.issue-1
27 Hart O, Shleifer A, Vishny R W. The proper scope of government:Theory and an application to prisons[R]. NBER Working Paper No. 5744, 1996.
28 Maskin E, Tirole J. Unforeseen contingencies and incomplete contracts[J]. The Review of Economic Studies, 1999, 66(1):83-114. DOI:10.1111/roes.1999.66.issue-1
29 Mirrlees J A. The theory of moral hazard and unobservable behaviour:Part I[J]. The Review of Economic Studies, 1999, 66(1):3-21. DOI:10.1111/roes.1999.66.issue-1
30 Wilson R B. The structure of incentives for decentralization under uncertainty[C]. Gilbaud M. La Décision[M]. Paris:Centre National de la Recherche Scientifique, 1969.
引用本文
李宝良, 郭其友. 冲突与合作经济治理的契约解决之道——2016年度诺贝尔经济学奖得主主要经济理论贡献述评[J]. 外国经济与管理, 2016, 38(11): 115–128.
导出参考文献,格式为: