The Answer Is Transaction Costs

Propriety, Norms, and Traffic Congestion: Episode 3

May 23, 2023 Season 1 Episode 3
Propriety, Norms, and Traffic Congestion: Episode 3
The Answer Is Transaction Costs
More Info
The Answer Is Transaction Costs
Propriety, Norms, and Traffic Congestion: Episode 3
May 23, 2023 Season 1 Episode 3

The third episode for TAITC: First, we take up the question of traffic congestion. Then, does the transaction cost approach have a relationship with moral and ethical theory?

Resources:
Econtalk: Traffic  https://www.econtalk.org/michael-munger-on-traffic/
Roger Congleton Book  Solving Social Dilemmas
Coase and Epstein: Intellectual Portrait Series, Liberty Fund
John R. Commons, 1931, American Economic Review
Ronald Coase, 1937, Economica
Oliver Williamson, Transaction Cost Economics
Douglass North, Institutions

And of course the TWEJ

The letter, for this week, from Anonymous: Does Starbucks have surge pricing? Once you realize that TAITC, then of course they do. 




If you have questions or comments, or want to suggest a future topic, email the show at taitc.email@gmail.com !


You can follow Mike Munger on Twitter at @mungowitz


Show Notes

The third episode for TAITC: First, we take up the question of traffic congestion. Then, does the transaction cost approach have a relationship with moral and ethical theory?

Resources:
Econtalk: Traffic  https://www.econtalk.org/michael-munger-on-traffic/
Roger Congleton Book  Solving Social Dilemmas
Coase and Epstein: Intellectual Portrait Series, Liberty Fund
John R. Commons, 1931, American Economic Review
Ronald Coase, 1937, Economica
Oliver Williamson, Transaction Cost Economics
Douglass North, Institutions

And of course the TWEJ

The letter, for this week, from Anonymous: Does Starbucks have surge pricing? Once you realize that TAITC, then of course they do. 




If you have questions or comments, or want to suggest a future topic, email the show at taitc.email@gmail.com !


You can follow Mike Munger on Twitter at @mungowitz