@garybasin @vgr How could they have stuck around for so long if they didn't?
@fnxTX @vgr @garybasin It all usually gets lumped together as "transaction costs," doesn't it? And they are recognized as inefficiencies.
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@fnxTX@vgr@garybasin Interesting review paper that came up through some casual googling: http://www2.bren.ucsb.edu/~glibecap/Allentranscosts.pdf … -
@paulbaumgart@fnxTX@vgr@garybasin Hee hee "two parties claiming ownership over the term".
End of conversation
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