Transaction Cost,Rent-seeking and Government Behavior——An Analysis from New Political Economy

YU Hui; WANG Shu-zhen

Volume 22 Issue 2

Jun. 2021

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Article Navigation > Journal of University of Science and Technology Beijing ( Social Sciences Edition) > 2006 > 22(2): 55-58

YU Hui, WANG Shu-zhen. Transaction Cost,Rent-seeking and Government Behavior——An Analysis from New Political Economy[J]. Journal of University of Science and Technology Beijing ( Social Sciences Edition), 2006, 22(2): 55-58.

Citation:

YU Hui, WANG Shu-zhen. Transaction Cost,Rent-seeking and Government Behavior——An Analysis from New Political Economy[J]. Journal of University of Science and Technology Beijing ( Social Sciences Edition), 2006, 22(2): 55-58.

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Transaction Cost,Rent-seeking and Government Behavior——An Analysis from New Political Economy

School of Humanities and Social Sciences University of Science and Technology Beijing, Beijing 100083, China

Received Date: 2005-12-05
Available Online: 2021-06-29
Publish Date: 2021-06-29

Abstract

Abstract

From the viewpoint of New Political Economics, transaction cost is a necessary outcome of social economy running. Government play a very important role in diminishing the transaction cost to stimulate the economic development, while it may aggravate this cost and do a harmful effect on total society welfare due to rent-seeking. So it is a key approach to design a setting of effective institutions to restrain the negative government behavior.
- transaction cost,
- rent-seeking,
- government behavior

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