企业产权的动态安排及企业剩余分配的均衡分析

按照科斯和阿尔钦等人对公司的定义,企业是一个由各种要素所有者形成的合约.企业的要素从大的方面分为人力资本和非人力资本,要素所有者在形成合约时,面临着产权的重新安排,这一安排的前提是双方收益的最大化.企业同时又是区别于其他一次性交易的特殊合约,因此它的产权安排是动态的,而企业剩余的分配也是动态的.正是从这一角度出发,通过对产权和企业剩余的安排过程进行分析,得出均衡分配的结论.

Dynamic Arrangement of Corporate Property Rights and the Equilibrium Analysis of Corporate Surplus Allocation

According to Coase and Alchian's definition ,the corporation is a contract consisting of variety essential factors.The essential factors of the firm can be separated into human capital and non-human capical. The owner of the factors will be confronted with rearrangement of the property rights when forming a contract. At the same time, the firm is a special contract which different from other short-term contract. Therefore, its property rights arrangement is dynamic and its surplus distribution is dynamic ,too. By analyzing the arrangement process of the property rights and surplus, the paper draws a conclusion about distribution equilibrium.