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  • 3D Economics

    par Hak Choi ...
    Collections Livre 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, ... En savoir plus

    $3.33 CAD ou Gratuit avec Kobo Plus

  • Re-explaining Ohlin

    par Hak Choi ...
    Collections Livre 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 ... En savoir plus

    $3.33 CAD ou Gratuit avec Kobo Plus

  • Business Cycle: Untold

    par Hak Choi ...
    Collections Livre 29 - Profit Economics Series
    What is business cycle? It is economic forecast. Forecasting is fortune telling; it is superstition; it is not science. This book reveals the true face of several great economic forecast models. ... En savoir plus

    $3.33 CAD ou Gratuit avec Kobo Plus

  • Disproving Pareto’s Contract Curve Mathematically

    par Hak Choi ...
    Collections Livre 120 - Profit Economics
    Pareto’s contract curve is a geometric concept; consequently, many textbooks supplement it with mathematical justification. This booklet disproves such mathematics. It argues that treating two antagonistic firms as a single entity is flawed, and that maximizing an ever-increasing objective can never yield a solution. Furthermore, this paper clarifies that output is a third-dimensional measure; ... En savoir plus

    $3.33 CAD ou Gratuit avec Kobo Plus

  • Disproving Pareto’s Contract Curve Geometrically

    par Hak Choi ...
    Collections Livre 119 - Profit Economics
    Pareto's contract curve is a geometric concept. This booklet disproves it geometrically. There are two conditions for its existence: the Edgeworth Box must be a square, and the isoquants must be symmetric. Since upholding both conditions simultaneously is impossible, existing contract curves are fabrications. ... En savoir plus

    $3.33 CAD ou Gratuit avec Kobo Plus

  • A Simple Public Good Pricing Policy

    par Hak Choi ...
    Utility companies are monopolistic, but they must produce at full capacity. Therefore, they are unable to pursue maximum profits by textbook standards. Also, when faced with peak and off-season demand, many ot them choose to implement price differentiation. Were it not for their exclusive position, such behavior would be self-destructive. This book devises a simple utility pricing policy that ... En savoir plus

    $3.33 CAD ou Gratuit avec Kobo Plus

  • Central Bank: Untold

    par Hak Choi ...
    Collections Livre 28 - Profit Economics Series
    This book proves that central bank is not a bank, it does not earn any money, but fabricates only false account. Many people think central bank is almighty. They expect it to rescue the economy, earn money for its government and control inflation, etc. Actually, it is capable of nothing. ... En savoir plus

    $3.33 CAD ou Gratuit avec Kobo Plus

  • Criminology

    par Hak Choi ...
    Collections Livre 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 ... En savoir plus

    $3.33 CAD ou Gratuit avec Kobo Plus

  • Toward a General Theory of Monopoly

    par Hak Choi ...
    Collections Livre 116 - Profit Economics
    This book develops a new monopoly theory based on Hotelling’s cage model. The new single-seller model—more pragmatically—assumes a positive production cost, yet the firm can impose any price on its consumers. The monopolist holds consumers captive through geographical means or other barriers, rendering their demand curve practically vertical. Although the monopolist can abuse the price policy, ... En savoir plus

    $3.33 CAD ou Gratuit avec Kobo Plus

  • Risk & Game

    par Hak Choi ...
    Collections Livre 30 - Profit Economics Series
    What is game? What is game theory? What is bargaining? What is risk? What is uncertainty? What is expected utility? What is moral hazard? How to cheat in game or in insurance? This book overturns many traditional views on these issues, and derives new method to play game, to bargain, to cheat and to protect against cheating. ... En savoir plus

    $3.33 CAD ou Gratuit avec Kobo Plus

  • The Extra Profit Paradox

    par Hak Choi ...
    Collections Livre 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 ... En savoir plus

    $3.33 CAD ou Gratuit avec Kobo Plus

  • Road or Traffic

    par Hak Choi ...
    Collections Livre 2 - Hak Choi Academy
    Is road the same as traffic? Up till now, economics has treated road and traffic as one. Instead, this book handles them separately, but the two are linked together by a key element: toll, even a zero one. Is road private or public? This book shows that the distinction is not so simple. This book covers 3 road-or-traffic economists and connects their piecemeal writings to form a complete theory of ... En savoir plus

    $3.33 CAD ou Gratuit avec Kobo Plus