Solving the Airplane Seat Problem

According to Ronald Coase, if reclining in an airline seat creates a negative externality, both parties can negotiate because the transaction costs are low.

The Reason I Will Return to My Local Movie Theater

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 ago, though, as the only place with a good time to see Chef, I…