Transactional efficiency of mining rights and role orientation of mining rights exchange center

Due to the special nature of mining rights and its transaction, when owners of mining rights transact, they will have strong motives of opportunism to give false information about the mining rights to seek profits, which will increase the transaction costs of mining rights.If an owner of mining rights transfers mining rights many times, despite he transacts with a particular assignee only one time, if his later potential assignees can obtain the information that he was honest or not in his past transactions, he will have incentive to restrain his opportunism motives and maintain honesty in each transaction in order to establish and maintain reputation, which will reduce transaction costs and improve transaction efficiency.China's existing mining rights exchange center can play a new role by collecting the information about assignors' activities in the past transactions and providing it to their later potential assignees.