Then, based on the transaction costs theory, the paper tries to explain the formation mechanism of MNC strategic alliance.

其次，本文运用交易成本理论对跨国公司战略联盟的形成机理进行了阐述。

youdao

While we are on the level of general theory, let me point out that restraining competition in resource use is costly, and these costs are somewhat misleadingly called transaction costs.

既然在讨论一般性的理论，我要指出约束资源使用的竞争是需要费用的。这些费用被称为交易费用，实在有点误导。

youdao

Furthermore, the behavioral theory of the firm serves as an important building block in transaction costs theory (Williamson, 1975).

此外，企业行为理论还是交易成本理论(Williamson, 1975)的重要基石。

youdao

Since standard economic theory assumes transaction costs to be zero, the Coase Theorem demonstrates that the Pigovian solutions are unnecessary in these circumstances.

FORBES: Telecommunications And The Public Use Principle