Michael Munger on Sharing, Transaction Costs, and Tomorrow 3.0
EconTalk
00:00
The Future of Power Drills
An Uber autonomous car with no driver picks up a power drill from maybe it's an owner or contractor who's not using it. "This is the future," he says. The result is that instead of having 110 million adequate power drills, we have something like 10 or 12 million at any given time.
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