This value idea can obviously purify the mood of society and reduce market transaction costs greatly.

这种价值观念显然能够净化社会风气、大大降低市场交易成本。

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Technology progress affects the change in firm boundary through saving firms internal coordination costs and market transaction costs.

技术进步通过节约企业的内部协调成本和市场交易成本影响着企业边界的变动。

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Family identity and Family relation make these enterprises not only save interior administrative costs, but also the exterior market transaction costs.

家族身份与家族关系使得企业不仅节约了内部的治理成本，而且减少了外部市场的交易成本。

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Whether a Tobin Tax would affect volatility in the same way as underlying market transaction costs is not clear.

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If the value placed on the house is below the true market value, when you add in transaction costs, there usually is nothing left anyway so it is not sold.

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What the two sides of the Coasean coin have in common is that high transaction costs prevented a freer-flowing market for labor and talent from prevailing.

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