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Why Are Wholesale Prices Lower?

by Hak Choi ...

Series Book 56 - Profit Economics Series
Why are the wholesale prices lower? When a wholesaler's demand curve is larger, according to standard economic theory, the associated equilibrium price should be higher, not lower. This book begins by using the Walras general equilibrium to translate the higher theoretical wholesale price into a lower real one. This is the first explanation.Next, this book uses production capacity - which derives ... Read more

$3.33 CAD or Free with Kobo Plus

Why are the wholesale prices lower? When a wholesaler's demand curve is larger, according to standard economic theory, the associated equilibrium price should be higher, not lower. This book begins by using the Walras general equilibrium to translate the higher theoretical wholesale price into a lower real one. This is the first explanation.Next, this book uses production capacity - which derives
... Read more
GDP: Untold

by Hak Choi ...

Series Book 25 - Profit Economics Series
The concept and measure of GDP have always been subject to criticism, so what went wrong? This book reveals many conceptual deficiencies of GDP. To obtain correct measure, economists must revise their concepts. This book also recommends an alternative, hopefully correct, method of measuring income. ... Read more

$3.33 CAD or Free with Kobo Plus

The concept and measure of GDP have always been subject to criticism, so what went wrong? This book reveals many conceptual deficiencies of GDP. To obtain correct measure, economists must revise their concepts. This book also recommends an alternative, hopefully correct, method of measuring income.
... Read more
Contract Theory

by Hak Choi ...

Series Book 21 - Profit Economics Series
This book solves the bargaining, exchange, contract, labor-employer, bonus sharing, timing of payment, and contract breaching problems.This book solves the bargaining, exchange, contract, labor-employer, bonus sharing, timing of payment, and contract breaching problems. ... Read more

$3.33 CAD or Free with Kobo Plus

This book solves the bargaining, exchange, contract, labor-employer, bonus sharing, timing of payment, and contract breaching problems.This book solves the bargaining, exchange, contract, labor-employer, bonus sharing, timing of payment, and contract breaching problems.
... Read more
Criminology

by Hak Choi ...

Series Book 24 - Profit Economics Series
What is crime? Many people, without knowing what crime is, start to tackle crime. But how to tackle crime? The existing way is to punish the offenders, but such method is merely emotional. This book proves that punishment has only insignificant impact, but it does not eradicate crime, more than that it might even incite new crime. How to prevent crime? When punishment even incites new crime, can ... Read more

$3.33 CAD or Free with Kobo Plus

What is crime? Many people, without knowing what crime is, start to tackle crime. But how to tackle crime? The existing way is to punish the offenders, but such method is merely emotional. This book proves that punishment has only insignificant impact, but it does not eradicate crime, more than that it might even incite new crime. How to prevent crime? When punishment even incites new crime, can
... Read more
Disproving Traffic Light

by Hak Choi ...

Series Book 73 - Profit Economics Series
Traffic light regulates traffic, to prevent accidents and gridlock. This book proves that traffic light is effective only when traffic flow is very low, otherwise it actually creates congestion and hence accidents, and hence gridlock. Like blood clots, congestion should be prevented and eliminated by all means, and at all costs. Unfortunately, traffic light is just doing the opposite. ... Read more

$3.33 CAD or Free with Kobo Plus

Traffic light regulates traffic, to prevent accidents and gridlock. This book proves that traffic light is effective only when traffic flow is very low, otherwise it actually creates congestion and hence accidents, and hence gridlock. Like blood clots, congestion should be prevented and eliminated by all means, and at all costs. Unfortunately, traffic light is just doing the opposite.
... Read more
3D Economics

by Hak Choi ...

Series Book 1 - Profit Economics Series
Up till now, Economics is written in p-q 2 dimensions. This book includes the space variable and makes Economics 3-dimensional. It then overhauls all economic theories, especially the competition theories: monopoly demand is more elastic, colluded duopoly covers the whole market; kinked demand is redundant; etc.This book is suitable for courses like Microeconomics, Customer Relation Management, ... Read more

$3.33 CAD or Free with Kobo Plus

Up till now, Economics is written in p-q 2 dimensions. This book includes the space variable and makes Economics 3-dimensional. It then overhauls all economic theories, especially the competition theories: monopoly demand is more elastic, colluded duopoly covers the whole market; kinked demand is redundant; etc.This book is suitable for courses like Microeconomics, Customer Relation Management,
... Read more
Disproving Elasticity Pricing

by Hak Choi ...

Series Book 95 - Profit Economics Series
Monopolists have the power to set price for larger profit. To further increase their profit, economists suggest price discrimination based on the elasticity of demand. This booklet disproves elasticity pricing, and proves that monopoly pricing is foolish while discrimination pricing even worse. ... Read more

$3.33 CAD or Free with Kobo Plus

Monopolists have the power to set price for larger profit. To further increase their profit, economists suggest price discrimination based on the elasticity of demand. This booklet disproves elasticity pricing, and proves that monopoly pricing is foolish while discrimination pricing even worse.
... Read more
Keynes: Untold

by Hak Choi ...

Series Book 31 - Profit Economics Series
John Maynard Keynes is the most famous economist after Adam Smith. His best saying is: In the long run we are all dead. He thus recommended spending before it is too late. But such recommendation led to the downfall of many ambitious dictators, like Hitler and Chiang Kai Shek. It also costed half of US stock of gold. Don’t believe it? This book will work out all the ramifications. ... Read more

$3.33 CAD or Free with Kobo Plus

John Maynard Keynes is the most famous economist after Adam Smith. His best saying is: In the long run we are all dead. He thus recommended spending before it is too late. But such recommendation led to the downfall of many ambitious dictators, like Hitler and Chiang Kai Shek. It also costed half of US stock of gold. Don’t believe it? This book will work out all the ramifications.
... Read more
Stability in Competitive Competition

by Hak Choi ...

Series Book 115 - Profit Economics
This book reproduces and corrects Hotelling’s “Stability in Competition”. His setup is contradictory and incomplete: he uses monopoly theory to explain competition, and fails to include production cost. This book introduces supply function to the two competitive firms, to come to the same stability conclusion. It also disproves Hotelling’s exploitation strategy, and offers a more profitable ... Read more

$3.33 CAD or Free with Kobo Plus

This book reproduces and corrects Hotelling’s “Stability in Competition”. His setup is contradictory and incomplete: he uses monopoly theory to explain competition, and fails to include production cost. This book introduces supply function to the two competitive firms, to come to the same stability conclusion. It also disproves Hotelling’s exploitation strategy, and offers a more profitable
... Read more
Re-explaining Ohlin

by Hak Choi ...

Series Book 121 - Profit Economics
Bertil Ohlin was dissatisfied with Ricardo’s use of only labor to explain international trade, so he introduced other inputs, such as land. In place of comparative advantage, he used input abundance and intensity to explain trade. Jones, Kemp, and Rybczynski tried to interpret factor abundance and intensity using Ricardo’s production possibility curve (PPC). Naturally, they ended up with the same ... Read more

$3.33 CAD or Free with Kobo Plus

Bertil Ohlin was dissatisfied with Ricardo’s use of only labor to explain international trade, so he introduced other inputs, such as land. In place of comparative advantage, he used input abundance and intensity to explain trade. Jones, Kemp, and Rybczynski tried to interpret factor abundance and intensity using Ricardo’s production possibility curve (PPC). Naturally, they ended up with the same
... Read more
The Extra Profit Paradox

by Hak Choi ...

Series Book 118 - Profit Economics
Consider an ore mine owned by A, and a manufacturer, B, that requires ore. Initially, A and B cooperate competitively. Subsequently, Robinson urges A to charge B a higher monopoly price to obtain some extra profit. In response, Bowley urges B to pay A only the lower monopsony price to obtain some other extra profit. Finally, Bowley suggests that A and B form a bilateral monopoly to split a bigger ... Read more

$3.33 CAD or Free with Kobo Plus

Consider an ore mine owned by A, and a manufacturer, B, that requires ore. Initially, A and B cooperate competitively. Subsequently, Robinson urges A to charge B a higher monopoly price to obtain some extra profit. In response, Bowley urges B to pay A only the lower monopsony price to obtain some other extra profit. Finally, Bowley suggests that A and B form a bilateral monopoly to split a bigger
... Read more
Disproving the Lagrange Mathematics

by Hak Choi ...

Series Book 112 - Profitable Economics
If the world is free, you can pursue maximum of your objective at will. But you live in a world of limited resources, so Lagrange mathematics helps you attain the constrained (rationed) maximum. This book reveals that you might have misunderstood the word “free”. It does not mean free of charge, but means that you are free to hire any optimal amount of input, as long as you pay the input price ... Read more

$3.33 CAD or Free with Kobo Plus

If the world is free, you can pursue maximum of your objective at will. But you live in a world of limited resources, so Lagrange mathematics helps you attain the constrained (rationed) maximum. This book reveals that you might have misunderstood the word “free”. It does not mean free of charge, but means that you are free to hire any optimal amount of input, as long as you pay the input price
... Read more

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Recommended For You

Top Series in Canada

Profit Economics Series

Profitable Economics

Hak Choi Academy

Profit Economics

Why Are Wholesale Prices Lower?

GDP: Untold

Contract Theory

Criminology

Disproving Traffic Light

3D Economics

Disproving Elasticity Pricing

Keynes: Untold

Stability in Competitive Competition

Re-explaining Ohlin

The Extra Profit Paradox

Disproving the Lagrange Mathematics

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Available:

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Top Series in Canada

Profit Economics Series

Profitable Economics

Hak Choi Academy

Profit Economics

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