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；

youdao

Coase is certainly right with respect to neoclassical microeconomic textbooks that deal with models of zero-transaction-cost type.

就处理零交易费用类模型的新古典微观经济学教材而言，科斯无疑是正确的。

youdao

The cost to you is usually zero and the transaction cost can be less than 25 cents.

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In this strategy, called a zero-cost collar, your costs are limited to your transaction costs alone, since your proceeds from selling the calls will zero out the cost of the puts.

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