Last week's letter asked about the role of transaction costs in rationing discounted products, or "sales," like "Dollar Hotdog Night!" at the ballpark. As the listener correctly pointed out, this relates to price discrimination, which is a great topic.
And....coupons!
Some additional links and info:
You can follow Mike Munger on Twitter at @mungowitz
Last week's letter asked about the role of transaction costs in rationing discounted products, or "sales," like "Dollar Hotdog Night!" at the ballpark. As the listener correctly pointed out, this relates to price discrimination, which is a great topic.
And....coupons!
Some additional links and info:
You can follow Mike Munger on Twitter at @mungowitz