I prefer to use the term institution costs, or costs that exist only in a society.

我认为应该称为制度费用才对，即是只有社会才能出现的费用。

youdao

The upshot is that so long as competition exists, transaction/institution costs must also exist.

结论是：只要竞争存在，交易或制度费用一定存在。

youdao

First, land rents would rise and transaction/institution costs would fall –– this fall represents a deduction, and in our example it is the former partially replacing the latter.

其一，土地的租值会上升而交易或制度费用会下降——这下降是减下去，在我们的例子中是租值代替了交易费用。

youdao

The church needs to face up to its responsibilities and show a greater concern for the victims than for protection of the institution at all costs.

CNN: Why next pope must open up church and usher in Vatican III

The most seismic event of the crisis to date, the bankruptcy of Lehman Brothers last September, demonstrated the costs of letting a big financial institution collapse.

ECONOMIST: Rebuilding the banks

Part of the appeal of a preventive institution-building strategy such as this is that it costs far less than having to intervene with military force in places, such as Somalia, where weak states have already failed.

ECONOMIST: Africa and the ��war on terror��