حقوق مالكيت و نظم بازارهاي كارآمد

The Property Rights and an Efficient Market Order

Generally, special institutional frameworks are given in economic analysis. The question, however, is that what this framework is and how it can be achieved. This study is an effort to explain the institutional structure of the efficient markets through which the formation of Iranian efficient markets can be facilitated. The analysis method employed in this research is that of the new- institutionalist approach, in which the formation and change of organizations and institutions are considered endogenous. Hence presupposing the physical situation it is investigated that which institutional structure decreases the transaction costs and maximizes individual interests.