The phrase "absence of transaction" is correct and usable in written English.
It can be used in contexts related to finance, business, or legal discussions where the lack of a transaction is being addressed.
Example: "The report highlighted the absence of transaction between the two parties during the specified period."
Alternatives: "lack of transaction" or "non-existence of transaction".
Ronald Coase is famous for arguing that under certain assumptions including the absence of transaction costs, bargaining can eliminate the problem created by externalities and lead to a Pareto efficient outcome regardless of the initial allocation of property rights.
According to Conservapedia.com, an online encyclopedia with a conservative orientation, Mr. Coase's "extraordinary insight was that the free market always reaches the most efficient level of productive activity, in the absence of transaction costs".
It has a number of advantages for merchants and retailers, he notes, including an absence of transaction fees and the lack of exposure to the risk of payments not clearing.
The results differ from those of Bárcena-Ruiz and Garzón (2002) due to the absence of transaction costs and the equal bargaining power between the bargaining parties in wage negotiations.
Meanwhile, providers are leveraging alternative data sources, including mobile phone records, to assess credit risk for low-income borrowers in the absence of formal transaction histories.
Despite the absence of blockbuster transactions, however, Evercore said it had found ways to increase its share of the M.&A.
MIAMI — In the absence of any transactions, baseball's nonwaiver trade deadline Wednesday afternoon became little more than a chance for the Mets to consider their present state and to reiterate their organizational mind-set.
For any product or service, therefore, "asymmetric information" (one party to a transaction knowing more than another) can result in "missing markets," or the absence of a marketable transaction.
"Given the challenges facing your business, we believe the premium is even higher when considering your potential stock price in the absence of a possible transaction," Mr. Becht wrote.
"Given the challenges facing your business, we believe the premium is even higher when considering your potential stock price in the absence of a possible transaction," Coty's chairman, Bart Becht, wrote in the letter.
In his letter, Coty's chairman, Bart Becht, wrote, "Given the challenges facing your business, we believe the premium is even higher when considering your potential stock price in the absence of a possible transaction".
