Parking Lots, Transaction Costs of the Price Mechanism, and the Pork Pie Fedora Rogue

Send us Fan Mail (https://www.buzzsprout.com/2186249/fan_mail/new) Two seemingly similar parking lots at Wrightsville Beach, North Carolina, couldn't be more different in the emergent behaviors they foster. From the orderly lines of the 85-space lot to the chaotic dynamics of the smaller 19-space circular lot, discover how price rationing, queue formation, and transaction costs play critical roles in these everyday systems.

Things take s a quirky turn with the arrival of a man in a pork pie fedora who disrupts these parking norms, buying spaces directly from beachgoers. This unconventional behavior prompts a deeper discussion on the breakdown of social rules and the challenges of maintaining order when outsiders intervene. 

• Wrightsville Beach Parking Information • Locke and Property  • Porkpie Fedoras, if you NEED one now! • Elinor Ostrom and Property Norms • To Consumers, ALL Costs are Transaction Costs (AIER) • Economic Benefits of Beach Access Points • (Parking) Life Is A Beach

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