The Answer Is Transaction Costs

Roads, Public Goods, and Focal Points


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Episode 5: Notes and Sources 

Vaughn Baltzly, "Publicized Goods, or the Promiscuity of the Public Goods Argument."   https://www.cambridge.org/core/journals/economics-and-philosophy/article/abs/concerning-publicized-goods-or-the-promiscuity-of-the-public-goods-argument/DE16529B673600C47C22B59C87D198A9 

Bruce Benson, "Are Roads Public Goods?"
https://www.springerprofessional.de/en/are-roads-public-goods-club-goods-private-goods-or-common-pools/11240720

Daniel Klein, KNOWLEDGE AND COORDINATION.   https://www.amazon.com/Knowledge-Coordination-Interpretation-Daniel-Klein/dp/019979412X/ref=sr_1_1?ie=UTF8&qid=1324300010&sr=8-1 

Thomas Schelling, THE STRATEGY OF CONFLICT.  http://elcenia.com/iamapirate/schelling.pdf 

"Are Roads Really Public Goods?"  https://fee.org/articles/are-roads-really-public-goods/

"Economists on Federal Funding for NPR." National Public Radio, PLANET MONEY.  https://www.npr.org/transcripts/134863998 

"The Fundamental Law of Road Congestion."  https://cityobservatory.org/the-fundamental-global-law-of-road-congestion/ 

"Tolls on the Connecticut Turnpike."   https://www.latimes.com/archives/la-xpm-1985-10-10-mn-15553-story.html 

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


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The Answer Is Transaction CostsBy Michael Munger

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