Michael Munger on Sharing, Transaction Costs, and Tomorrow 3.0

EconTalk | 29 October 2018 | 1h 10m | Listen Later  | iTunes
Economist Michael Munger talks about his book, “Tomorrow 3.0.” Munger uses the rise of companies like Uber and AirBnB to illustrate the role of transaction costs in understanding the sharing economy. Users and providers can find each other more easily through their smartphones, increasing opportunity. Munger expects these costs to fall elsewhere and predicts an expansion of the sharing economy to a wide array of items in our daily lives.

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