Ronald Coase

March 18, 2019

How to Deal With (Airplane Seat) Recline Rage

To recline or not to recline an airplane seat is a problem for passengers and airlines because of pitch, profits, property rights, and your philosophy.

August 29, 2014

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.