tag:blogger.com,1999:blog-4748060798655400108.post2095223533005876552..comments2023-11-02T08:55:35.510-07:00Comments on Market Design: Lending library for newspapers (help wanted ads, mostly)Al Rothhttp://www.blogger.com/profile/02232854038397912604noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4748060798655400108.post-7486607227123241932011-05-09T06:57:16.514-07:002011-05-09T06:57:16.514-07:00Useful and interesting! Thanks so much for the inf...Useful and interesting! Thanks so much for the information. It always comes down to good content that people are interested in.Kuba Jewgieniewhttp://kubajewgieniew.com/kuba-jewgieniew-las-vegas/kuba-jewgieniew-ceo-realty-one/kuba-jewgieniew-determine-goals-accomplish-success/noreply@blogger.comtag:blogger.com,1999:blog-4748060798655400108.post-21978444329134331682011-05-08T10:10:14.917-07:002011-05-08T10:10:14.917-07:00Something's clearly wrong, because 20 reads is...Something's clearly wrong, because 20 reads isn't enough to make a profit if the rental price is less than 1/35th the purchase price. If the reads were actually 3 US cents instead of 1 US cent (as per Tim), it would make that part of the story consistent.<br /><br />Note, by the way, that when Tesfaye says he'd make 10 birr from 20 reads, he's talking about revenues, not profits--unless he gets the paper for free.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4748060798655400108.post-2365799810951838182011-05-08T02:53:00.134-07:002011-05-08T02:53:00.134-07:00A newspaper in Addis Ababa costs about six birr (3...A newspaper in Addis Ababa costs about six birr (35 U.S. cents) to buy. In contrast, it costs only 50 Ethiopian cents (less than one U.S. cent) to rent one<br /><br />That doesn't actually make sense.<br /><br />For yes there are 100 sentim to a birr.<br /><br />The 6 birr is 35 cents is about right (17 birr to the dollar). But 35 cents divided by 12 (2x 50 cents to each of 6 birrs) leaves us with 3 cents per read, not less than one.<br /><br />It's jmust not even internally consistent.Tim Worstallhttps://www.blogger.com/profile/13161727860817121071noreply@blogger.com