Yeah. I think the only connection here (though it’s very tenuous) is that under a COST car market (although I’ve never seen Glen talk about applying COST to markets like that, usually it’s for markets with a lot of scarcity and interdependence) every car is up for sale at all times, so other people are threatening to buy your car if you don’t value it highly enough, and you can buy a new one yourself with very low transaction costs (because of the size of the market), so you are a bit less likely to want to own one yourself at any given time.
Yeah. I think the only connection here (though it’s very tenuous) is that under a COST car market (although I’ve never seen Glen talk about applying COST to markets like that, usually it’s for markets with a lot of scarcity and interdependence) every car is up for sale at all times, so other people are threatening to buy your car if you don’t value it highly enough, and you can buy a new one yourself with very low transaction costs (because of the size of the market), so you are a bit less likely to want to own one yourself at any given time.