经典的合约理论认为企业的本质在于用要素交易的合约替代产品交易的合约。
Classical contracting theory believes that the essence of enterprise is replacing the contracting of the product trade by the contracting of the factor trade.
新制度经济学的“企业不完备合约”理论与马克思雇用劳动理论都聚焦于企业要素交换的研究。
The uncompleted contracts theory of new institutional economics and Marxian goods theory of labor both focus on the research of enterprises factors' exchange.
从合约理论来看，代理行是一种市场合约，海外分行是一种企业合约。
The agency is a kind of market contract while overseas branch is enterprise contract in terms of contract theory.
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