In a sense, financial industry's transition from separated operation to integrated operation is a kind of phenomenon of institutional choice and institutional change.
从某种意义上讲，金融业由分业经营到混业经营是一种制度选择和制度变迁现象。
States will trade off between interstate governance costs and contracting costs when they make the institutional choice.
缔约国在选择国际制度安排形式时，将在国家间治理成本与国家间缔约成本之间进行权衡。
States will trade off between interstate governance costs and contracting costs when they make the institutional choice.
缔约国在选择国际制度安排形式时，将在国家间治理成本与国家间缔约成本之间进行权衡。
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