▁and ▁has ▁become ▁the ▁most ▁frequently ▁c ited ▁work ▁in ▁all ▁of ▁legal ▁scholar ship . ▁ ▁Sum mary ▁Co ase ▁argued ▁that ▁if ▁we ▁lived ▁in ▁a ▁world ▁without ▁transaction ▁costs , ▁people ▁would ▁b arg ain ▁with ▁one ▁another ▁to ▁produce ▁the ▁most ▁efficient ▁distribution ▁of ▁resources , ▁regardless ▁of ▁the ▁initial ▁allocation . ▁This ▁is ▁superior ▁to ▁allocation ▁through ▁lit ig ation . ▁Co ase ▁used ▁the ▁example ▁of ▁a ▁n uis ance ▁case ▁named ▁St urg es ▁v ▁Br id g man , ▁where ▁a ▁no isy ▁sweet maker ▁and ▁a ▁quiet ▁doctor ▁were ▁neighb ours ▁and ▁went ▁to ▁court ▁to ▁see ▁who ▁should ▁have ▁to ▁move . ▁Co ase ▁said ▁that ▁regardless ▁of ▁whether ▁the ▁judge ▁ruled ▁that ▁the ▁sweet maker ▁had ▁to ▁stop ▁using ▁his ▁mach in ery , ▁or ▁that ▁the ▁doctor ▁had ▁to ▁put ▁up ▁with ▁it , ▁they ▁could ▁strike ▁a ▁mut ually ▁benef icial ▁b arg ain ▁about ▁who ▁moves ▁that ▁reaches ▁the ▁same ▁outcome ▁of ▁product ive ▁activity . ▁ ▁However , ▁many ▁w elf are - maxim izing ▁real loc ations ▁are ▁often ▁forg one ▁because ▁of ▁the ▁transaction ▁costs ▁involved ▁in ▁b arg aining . ▁For ▁instance , ▁the ▁sweet maker ▁may ▁have ▁many ▁neighb ors ▁who ▁claim ▁" nu is ance " ▁— ▁some ▁legit imate ▁and ▁some ▁not , ▁that ▁the ▁firm ▁would ▁have ▁to ▁sort ▁through , ▁and ▁some ▁of ▁those ▁neighb ors ▁who ▁do ▁claim ▁n uis ance ▁may ▁try ▁to ▁hold ▁out ▁for ▁excess ive