
Dating, Marriage, and the Costs of Search
The Answer Is Transaction Costs
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The Cost of Transactions
In China and some other authoritarian nations, having increased knowledge of the activities or whereabouts of citizens is likely to make that a pretty bad place. Many transactions that I would like to engage in might not take place because the transactions cost are too low. We probably can make it easier for them to trust us, but the cost of that increased trust is oppression.
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