一方面，LOLR是事后有效率的，因为它避免了无效率的清算。
On the one hand, LOLR is productive ex post as it can avoid inefficient liquidation.
此模型运用对事后中间利润的分配取代事前对收购价格的讨价还价，避免了后者可能出现的帕累托改进所带来的契约的无效。
The model makes use of ex post profit-sharing to take place of ex ante bargaining to avoid the unavailability of contracts due to ex post Pareto change.
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