Alex Tabarrok wrote:
>
> Sure, if you take your own pictures you get the negatives. But if you
> hire a profesional photographer for say a wedding or if you have a
> portrait done they are insistent on keeping the negatives.
What's wrong with a simple adverse selection story here? The only
people who try to buy the negatives from you are precisely the people
who would be willing to pay a lot for extra copies.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
"He was thinking that Prince Andrei was in error and did not see the
true light, and that he, Pierre, ought to come to his aid, to
enlighten and uplift him. But no sooner had he thought out what he
should say and how to say it than he foresaw that Prince Andrei,
with one word, a single argument, would discredit all his teachings,
and he was afraid to begin, afraid to expose to possible ridicule
what he cherished and held sacred."
Leo Tolstoy, *War and Peace*
