【摘要】 通过研究一个三阶段动态博弈模型,如果合资一方有权安排产权比例,那它必定选择自己的产权大于对方,以最大化自己的收益。如果由谈判安排产权,那么双方的产权比例决定于各自对产出的贡献,贡献越大,产权也越大。分析了在不同产权安排方式下,产权配置对合资办学产出效率的影响。更多还原

【Abstract】 This paper studies the effects of an ex ante property rights arrangement on the production of a joint venture’s school. If a foreign (or Chinese school) has the authority to arrange property rights, the chosen property will maximize its return on investment. In the bargaining case,one party’s proportion increases his advantage in relation to the production of the joint venture’s school.更多还原