It’s not a physical good, but I had also been thinking that most of the price of renting a venue on the open market is trust (that you won’t mess up their space; whether they can give you the keys vs. needing someone to let you in), followed by coordination. Hence, why having a friend let you use their office’s conference room on a weekend to do an event might cost $0, while renting such a space might cost $1000.
Thanks! This is good.
It’s not a physical good, but I had also been thinking that most of the price of renting a venue on the open market is trust (that you won’t mess up their space; whether they can give you the keys vs. needing someone to let you in), followed by coordination. Hence, why having a friend let you use their office’s conference room on a weekend to do an event might cost $0, while renting such a space might cost $1000.