英语翻译“科斯定理”与其说明了在交易费用为零的条件下效率结果与产权无关的结论,还不如说道明了存在交易费用时产权制度是如何作用于或影响经济效率的.

Question

英语翻译
“科斯定理”与其说明了在交易费用为零的条件下效率结果与产权无关的结论,还不如说道明了存在交易费用时产权制度是如何作用于或影响经济效率的.

Answer 1

Instead of stating that the Coase theorem explains the conclusion that efficiency,if the transaction cost is zero,is not related to property rights,it is more reasonable to say that the theorem demonstrates how the property right system has been exerted on or influenced economic efficiency with the existence of transaction fees.