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 [email protected] !

You can follow Mike Munger on Twitter at @mungowitz

Propriety, Norms, and Traffic Congestion: Episode 3