Source: Bet On It
by Bryan Caplan
“I need six pillows to sleep comfortably. Two under my side, two between my legs, one against my back, and one to hug. That’s too many pillows to pack …. Fortunately, Walmart doesn’t just make obtaining pillows convenient throughout the United States. It makes it dirt cheap. Every Walmart I’ve visited has the same $3.44 pillow for sale, so I routinely buy them wherever I go, and just abandon them when I leave. I’ve done this over and over, yet only on my last trip to Wyoming did I reach a profound economic epiphany. I have bought Walmart pillows in dense urban areas. I have bought them in suburbs. I have bought them in rural areas. And the price is always $3.44… plus tax. … Which has a shocking implication: The degree of local competition has absolutely no effect on the price of the pillow.” (10/29/26)
https://www.betonit.ai/p/the-344-walmart-pillow-vs-local-monopoly