The answer is that in the presence of transaction costs, the formal authority of company decision-making may solve bargaining problems better inside the firm than market trading outside.

答案在于，在有交易成本的情况下，与外部的市场交易相比，公司决策的正式权力也许能够更好地解决议价问题。

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This paper studies the bargaining process of the bilateral electricity contract with uncertain transaction capacity and price.

研究价格和数量都不确定的直购电力合同的谈判过程。

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In a zero transaction cost world, bargaining strength does not affect the efficiency of outcomes;

在一个零交易费用的世界，谈判力量并不影响结果的有效性；

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The Coase Theorem essentially states that if trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property rights.

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But a student being informed about risks should not be just cause for a complete liability waiver for a university or the NCAA. This type of clause is best designed for adults of relatively equal bargaining power in a business transaction or at least where there is an employer-employee relationship.

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Whereas in a purchase, the deal is through a corporation which removes the personal nature of the transaction so society gives you complete freedom of speech to discuss your bargaining skills.

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