Re-comprehension on Transaction Costs:A Comparative Institution Perspective

Based on the analysis of existing research on the mistakes in transaction costs,re-understand transaction costs,and to implement the household contract responsibility system as a case,to interpret this phenomenon by transaction cost theory.Study concluded that: only make the expected transaction costs into the statistics of transaction costs,and uses comparative institutional approach,we will obtain a correct understanding of transaction costs;only use the means of individual cost-benefit analysis,we will understand the burden ratio of transaction costs in institutional change;only compare transaction costs in the same type,then help to find the path and methods to reduce transaction costs.