The Answer Is Transaction Costs

Lettuce Again, and Lumber

Michael Munger Season 1 Episode 10

Send us a text

How is buying lettuce like buying lumber? Each is idiosyncratic, and has to be sorted. Imposing the sorting costs on the buyer is actually a way of price discriminating.

Clement Atlee and Winston Churchill, for the best TWEJ ever.

And a cool new letter, about using transaction costs to separate by type, when type is "private information."

Links:


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