Michael Munger on Sharing, Transaction Costs, and Tomorrow 3.0
EconTalk
00:00
The Benefits of Bloblock Car
There's a company, and this is my favorite example of the sharing economy called Bloblock Car. They can make profits by anything that looks like a problem is actually a profit opportunity. If you could commodify that excess capacity and solve the three transactions cost problem, triangulation, transfer, and trust, you could have hitchhiking. The reviews that are available mean that both the rider and the driver can evaluate each other.
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