"You will know from now on that, in fact, when you go to a company, you can't use it in practice, and you don't have time to write this thing. You will know when you grow up in the future. Yin Yijie is really interesting. You keep it at home and don't let you go to college, so you can do it for you.
These articles”
I've got it, probably understand.
Professor Li didn't know that Brian and I were so young, and we had the power to hold the jade pot and we didn't want to leak my bottom. On the contrary, Professor Li felt that I was three years ago
"keep"
It was very harsh, I thought for a while, and before Brian could speak, I asked:[
"Professor, do you know the transaction costs or transaction costs?"
Professor Lee and Brian looked at me at the same time, not understanding.
Mingfeng gently buckled the armrest of the chair with his fingers. He guessed that at least it was my intention, but no one paid attention to him. Perhaps in the eyes of Professor Li, he was not a big deal.
Professor Li lit another cigarette, waved his hand, and was not ready to let me say it, muttering:
"This is an economics problem, not"
I interrupted quickly and said tepidly:
"It is an economics issue and one of the important foundations of corporate theory. If you don't understand cost and game theory, companies are not unable to do it, but they are afraid it will have some impact. Professor Li might as well listen to my opinion."
"In other words, Professor Li must know that the perpetual motion machine. If there is no friction resistance, no air resistance, no gravity, etc., as long as an initial force is given, the perpetual motion machine can move forever. This is not a very wonderful thing
Is it something?"
"Similarly, Coase's first theorem proposes: If the transaction fee is zero, no matter how the property rights are initially arranged, negotiations between the parties will lead to arrangements for maximization of wealth, that is, the market mechanism will automatically reach Pareto optimality, and
That is: the inherent group of people and allocable resources change from one allocation state to another. No one's situation becomes worse, and at least one person becomes better. Without transaction fees, such a world is not very
Ideal? But in fact, it cannot. The reality is very skinny. Because there is limited rationality, speculation, etc., transaction fees are generated.