Propriety, Norms, and Traffic Congestion: Episode 3

Send us Fan Mail (https://www.buzzsprout.com/2186249/fan_mail/new) 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. 

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