Based on new institutionalism economics, the institution is a series of rules to regulate the action of the organization and members. 根据新制度经济学的定义,制度是一系列被制定出来的用以规范社会成员和组织的行为及其相互关系的正式规则。
Restructuring property rights means not only creating the formal rules but creating and implementating a judicial system that will impartially enforce such rules. 重新构建产权意味着不仅创造正式规则,而且要创造作为补充的司法体系以公正的实施此类规则。