August 29, 2014
According to Ronald Coase, if reclining in an airline seat creates a negative externality, both parties can negotiate because the transaction costs are low.
According to Ronald Coase, if reclining in an airline seat creates a negative externality, both parties can negotiate because the transaction costs are low.
I usually avoid going to my local AMC movie theater. Decades old, it has had a decaying lobby, saggy seats, and a rather worn-out feeling. Several weeks […]