【作者】 杨永忠； 王建平； 杨芳；

【Author】 YANG Yong-zhong1 WANG Jian-ping2 YANG Fang3(1.The College of Economics Sichuan University,Chengdu 610065;2.The College of Law Sichuan University,Chengdu 610065;3.The college of Southwest University for nationalities)

【机构】 四川大学经济学院； 四川大学法学院； 西南民族大学法学院；

【摘要】 本文对证券法民事责任制度用经济学方法进行分析。帕累托最优、证券市场失灵、证券法民事责任制度的传递机制揭示了帕累托最优构成了证券法民事责任制度的经济基础。证券法民事责任制度按帕累托最优的内涵由交换环节、生产环节和产品组合环节的民事责任构成。产品组合环节的民事责任是证券法民事责任的重点环节,这一从经济学得出的理论上的推论与我国证券市场实际存在的主要民事侵权行为表现在产品组合环节具有一致性。更多还原

【Abstract】 The paper analyses the civil liabilities institutions of securities law in the way of the economics means.The transmission mechanism of Pareto efficient、securities market failures and civil liabilities institutions of securities law promulgates that Pareto efficient constitutes economic basis of the civil liabilities institutions of securities law.According to connotation of Pareto efficient,the civil liabilities institutions of securities law are made up of civil liabilities of exchange segment、production and product-mix segment.The civil liabilities of product-mix segment are focal segment of the civil liabilities institutions of securities law.This theoretical deduction from economics has compatibility with main civil tort liabilities of securities market practice,which expresses on product-mix segment.更多还原