| Since reform and opening, the grain circulation system has been alternately tension with relaxation. It is the game result between government and market. Essentially the transformation process of the grain circulation system is the process of institutional changes. That Institution Change will have a positive effect on market entity behaviors is fundamentally dependent on whether the selection of market entity behaviors and Institutional Arrangement is coupled. This paper analyses the problems of China爷s grain circulation system from the perspective of new institutional economics, also some path is made to solve the problem of China's grain circulation system reform. |
