英文摘要 |
The legal meaning of Coase Theorem is different from economic one. While its economic meaning would focus on the result of transactions in market, the legal meaning would emphasis on the stability of legal application. Accordingly, there should be no inconsistence and gap in the legal system otherwise the law is unpredictable and therefore no guide for transactions in market. Cost-effectiveness should be implemented in the judicial procedure. The final but not least should be an independent and non-biased judicial system. Private ownership has been established by people to avoid the tragedy of the commons. However, the main function of property law is to resolve the conflicts of interest of owners. Right in rem is not about the direct control of things. Negligence should never be objectified because it symbolizes the peoples acceptance of the law. Those risks which have not been caused by the defendant should be allocated by individual contracts not tort law.
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