Therefore labor division is not only restricted by market scale or scope, but also bounded by transactional efficiency in arrangement of institution.

因此，分工不仅受市场规模或范围的限制，实际上也受制度安排中交易效率的限制。

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Therefore, division of labor is restricted not only by market scale or scope, but also restricted by transactional efficiency in the arrangement of institutions.

因此，分工不仅受市场规模或范围的限制，实际上也受制度安排中交易效率的限制。

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Based on two models of job search, this article analyses the mechanism of how the job - search cost and information influence the efficiency of labor market.

本文从工作搜寻理论的两个模型入手，分析了工作搜寻成本及信息对劳动力市场配置效率的影响机制。

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Thus, the decline in unionization shows that regulating fairness is ineffective when the global labor market necessarily allocates labor based on efficiency.

FORBES: Reinventing Unions for the 21st Century