Wednesday, December 8, 2010

Poor Economics at OSU's Library

I don't buy text books anymore. Whenever I think about buying a $300 text book I won't ever read except when it's eight hours before an exam, I imagine instead of buying a mountain of $1 Jr. Bacon Cheesburgers, a much better investment if you ask me.

So I'm forced to use course reserves at Valley library. It's normally a good system except that its late charges are horribly underpriced. A buck an hour? That's ridiculous! Find me this prat whose been holding on to "Public and Private Families" for the last four hours and I will pay him oodles of cash to have this book now so I can study and go to sleep at a reasonable hour.

Valley Library needs to realize that this price is resulting in market inefficiency. Certainly the damage of this jerk holding onto the book beyond the due date is causing me more than a dollar's worth of damage. I wonder how successful a floating overdue fee would work out. I may use this excess waiting time to draft just that kind of model.