On Credit Assignment and Its Efficacy

摘要

After a long process of development and perfection,the credit assignment system plays an important role in the modern market economy,which has been approved all over the world. However,as far as the credit assignment theory is concerned,it seems that debates and discussions about it will never end. Based on the content and developing process of credit assignment,this paper analyzes the value proposition of credit assignment,making comments on the quasi- property theory and the contract theory of credit assignment,based on which this paper researches on the effective elements and the internal and external efficacy of credit assignment.