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Small numbers bargaining and asset specificity make it costly for parties who enter into economic relationships to leave them.
The proposal would replace a cumbersome patchwork of rules and fees that make it costly for universities to offer online courses to students in different states.
Policy errors, legal infractions, scandals, economic declines — any of these issues can make it costly for a country to endure a discredited presidency until the next election.
It makes the upmarket City Kitchen line of prepared meals for Tesco, as well as a Chinese ready-meal range.The key to a good bargaining position for own-label firms, it seems, is to make it costly for retailers to change suppliers.
That works because you make it costly for people to wait.
First, present generations may be said to exercise power over (remote) future generations when, for example, they create conditions that make it costly for future generations to decide against continuing to pursue present generations' projects.
Similar(50)
A downgrade in France would make it costlier for the government to pay its debts and for French businesses to obtain credit.
These are likely to make it costlier for banks to lend to smaller (ie, riskier) companies.
But rising interest rates on Treasury notes make it costlier for the government to raise money.
The same barriers to competition that have allowed incumbent firms to expand their market share make it costlier for new firms to get off the ground.
The idea is to make it costlier for banks to make fresh loans to debt-laden companies on the outside chance that they might make good on the original ones.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com