Podcast Episodes
Back to SearchLettuce Again, and Lumber
Season 1 Episode 10
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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 an…
Published on 2 years, 5 months ago
Conventional Wisdom, Chesterton Fences, and "Excuse me"
Season 1 Episode 9
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(NOTE: SORRY for audio glitch earlier. Fixed now!)
BR asks about the economic content of "old sayings."
We talk about habits, character, and "thinking fast and slow."
Plus, TWEJ takes on c…
Published on 2 years, 5 months ago
Dollar Hot Dogs, Coupons, and Bidding for Wallets
Season 1 Episode 8
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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 pointe…
Published on 2 years, 6 months ago
Women in Prison, and ALL Costs are Transaction Costs
Season 1 Episode 7
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Last week's letter asked if charging prices below the "market" price might be rational, but might be an antitrust violation.
The TWEJ is a joke about women in prison for having violate…
Published on 2 years, 6 months ago
Dating, Marriage, and the Costs of Search
Season 1 Episode 6
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Episode 6 takes up the question of "matching," and the transaction costs of dating and marriage. Some resources:
Ashley Madison: "Is It Real?"
Garrison Keillor, "We are Still Married"…
Published on 2 years, 6 months ago
Roads, Public Goods, and Focal Points
Season 1 Episode 5
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Episode 5: Notes and Sources
Vaughn Baltzly, "Publicized Goods, or the Promiscuity of the Public Goods Argument." https://www.cambridge.org/core/journals/economics-and-philosophy/art…
Published on 2 years, 6 months ago
Middlemen: From Mancgere to Amazon
Season 1 Episode 4
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Does Starbucks have surge pricing?
What is a Mancgere?
Should the Stomach go to the Wheat, or should the Wheat come to the Stomach?
Plus, the TWEJ!
Some things discussed this week:
Michael M…
Published on 2 years, 7 months ago
Propriety, Norms, and Traffic Congestion: Episode 3
Season 1 Episode 3
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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:
E…
Published on 2 years, 7 months ago
Exchange Takes "Place," and the Strange Case of Lettuce
Season 1 Episode 2
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Why would sellers go to a "place" where many others are also selling the same product? Wouldn't it better to go someplace off by yourself, so you can get the monopoly price? Well, the a…
Published on 2 years, 7 months ago
TAITC: Episode 1
Season 1 Episode 1
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The introductory episode for TAITC: "The Answer is Transaction Costs!" The new weekly podcast from Duke University's Mike Munger (http://michaelmunger.com)
If you have questions or comm…
Published on 2 years, 7 months ago