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7min chapter
Parking Lots, Transaction Costs of the Price Mechanism, and the Pork Pie Fedora Rogue
The Answer Is Transaction Costs
Parking Lot Dynamics and Social Norms
This chapter examines how operational differences in parking lots influence driver behavior and decision-making. It includes a humorous incident highlighting the challenges of social norms and resource allocation, while referencing collective resource management theories.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode