Propriety, Norms, and Traffic Congestion: Episode 3
May 23, 2023•18 min•Season 1Ep. 3
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Episode description
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.
You can follow Mike Munger on Twitter at @mungowitz
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