The paper analyzes the structure of the bonds in the play with the bonds among Bas-sanio, Antonio and Shylock functioning as the main thread. It is argued that a series of bonds form the structure of the play, in which characters are the junctions of them. The paper gives a new interpretation of The Merchant of Venice based on the bounded rationality of human beings and objective existence of transaction cost from the perspective of incompleteness of the bonds and the process of their negotiation, conclusion and implementation. The behaviors of...
