按照科斯定理的逻辑,可以证明社会资本规制与产权安排具有相互替代的效用;而两者之间的替代规则,可以在交易成本理论的平台上,从交易的频率、专用性、异质性三个维度进行刻画;对于现实中的社会资本规制和产权安排的互补现象,也可以通过交易成本递增和外部性分析,在满足两者效用替代的基础上得到解释。 According to the Coase Theorem, we can prove that the social capital regulation and the property rights arrangement have the function of replacing each other. The alternative rules between the two can be based on the transaction cost theory platform, from the transaction frequency, specificity, heterogeneity Dimension of the social capital and the complementarity of property rights arrangements can also be explained on the basis of meeting the utility substitution of the two through the transaction cost increase and externality analysis.