id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cblr-1706	Johnsen, D. Bruce	A Transaction Cost Assessment of SEC Regulation Best Interest	2019	62	.pdf	application/pdf	20451	959	52	If transaction costs were zero, the parties would naturally negotiate for the socially optimal activity level in their own self-interest because doing so would increase their joint gains from trade. As Coase stated in his Nobel address, “What I think will be considered in the future to have been the important contribution of this article is the explicit introduction of transaction costs into economic analysis.	cache/cblr-1706.pdf	txt/cblr-1706.txt