Markets in Everything: Moving Box Rental
HT: Maureen Farrell
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Monday, June 06, 2011
HT: Maureen Farrell
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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5 Comments:
I'd rather get a lot of sterilite storage containers at Walmart for $5 and sell them on Craigslist afterwards for $3 each. Their price is almost what it should cost to buy those boxes.
Doug, that's great. The opportunity cost of your time is clearly low enough to make that hassle worthwhile.
I'd rather just pay to rent the boxes and not have to deal with constructing cardboard boxes and then have to take the time to dispose of them. Hell, I'd pay a premium to have them deliver and remove the boxes (which is included in the price of the rental).
Ain't markets great? So many choices to meet so many varied preferences.
Ah, the subjectivity of values and marginal efficiencies. How can you not love the marketplace?
I note that the service touted works well in The City. While Central Michigan University dominates Mt. Pleasant, I would hesitate to launch this business there.
Still, it is a pleasant read.
That is a great idea. I wish I'd thought of it. Too bad it is not available in my area.
"That is a great idea. I wish I'd thought of it. Too bad it is not available in my area."
In that case, it sounds like a great business opportunity.
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