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1 - 12 de 204 resultados para “hak choi”
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  • Stability in Competitive Competition

    de Hak Choi ...
    Series Libro 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 ... Leer más

    $2.43 USD o gratis con Kobo Plus

  • Toward a General Theory of Monopoly

    de Hak Choi ...
    Series Libro 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, ... Leer más

    $2.43 USD o gratis con Kobo Plus

  • Tax: Untold

    de Hak Choi ...
    Series Libro 39 - Profit Economics Series
    Any government must rely on taxation to finance its expenses or its squandering. Being the biggest monopoly, a government has total discretion on how to collect tax, without any need for justification. However, as government’s think tank, economists should offer some advice so as to make the collection more rational and convincing. But, are they capable of doing that? There are two tax collection ... Leer más

    $2.43 USD o gratis con Kobo Plus

  • Road or Traffic

    de Hak Choi ...
    Series Libro 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 ... Leer más

    $2.43 USD o gratis con Kobo Plus

  • Why Are Toll Plazas Always Congested?

    de Hak Choi ...
    Unlike traffic lights, toll plazas only divide traffic into two phases. So, traffic there must be a very smooth process. But the reality is that most toll plazas are congested, if not severely congested. This book uses traffic light mathematics to explain this congestion and proposes new ideas for solving the problem. The conclusion is that toll plazas serve no purpose at all when tolls can be ... Leer más

    $4.95 USD

  • Auction & Vickrey

    de Hak Choi ...
    Series Libro 45 - Profit Economics Series
    Auction aims for highest possible price, but economists made two wrong extensions. Some thought the price can be indefinitely increased according to demand; some recommended discount to the successful bidder. The former mistake stems from the misunderstanding that the vertical line is a supply; while the latter is actually the result of too much supply (it is not auction any more). When some ... Leer más

    $2.43 USD o gratis con Kobo Plus

  • How to Profitably Raid a Company

    de Hak Choi ...
    Series Libro 61 - Profit Economics Series
    Merger & Acquisition can enlarge a business to take advantage of the so-called economies of scale, but there is another conspiracy. This book teaches you how to raid a company, poor or rich, and even your own company. But if you don’t want to be a raider, do you still buy or keep those stocks? ... Leer más

    $2.43 USD o gratis con Kobo Plus

  • A New Theory of Gambling & Insurance - In line with Economics

    de Hak Choi ...
    Series Libro 99 - Profit Economics
    Traditional theory uses expected utility to explain gambling and insurance, only to result in numerous contradictory examples. Its reliance on increasing marginal utility also violates basic economic principle. Its inability to reject unfair games or insurance policies is dangerous. This book works out a new theory that is in line with Economics. It maintains the diminishing marginal utility ... Leer más

    $2.43 USD o gratis con Kobo Plus

  • Kahn's Zero/Negative Optimal Tariff

    de Hak Choi ...
    Series Libro 110 - Profit Economics
    This book unveils the tricks of how Richard Kahn tried to support the optimal tariff theory. He contradictorily assumed away elasticities to derive his optimal tariff as a function of elasticities. He relied on foreign elasticities to force his result positive. When these errors are corrected, Kahn’s tariff can only be zero or negative. ... Leer más

    $2.43 USD o gratis con Kobo Plus

  • Ricardo: Untold

    de Hak Choi ...
    Series Libro 35 - Profit Economics Series
    Unlike other economists, David Ricardo has produced some innovative theories. His most famous theory is the use of comparative advantage to explain international trade; his rent theory is also widely applied, but his most influential theory must be his explanation to the “diamond-water paradox”. How influential? Cost supply, tariff, protectionism, and communism all stem from this explanation. If ... Leer más

    $2.43 USD o gratis con Kobo Plus

  • Business Cycle: Untold

    de Hak Choi ...
    Series Libro 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. ... Leer más

    $2.43 USD o gratis con Kobo Plus

  • Can Tariff Cure Trade Deficit?

    de Hak Choi ...
    Series Libro 100 - Profit Economics
    When a country runs a trade deficit, one suggested solution is to raise tariffs. This book shows that such an advice is based on a very wrong theory. The book also points out that the so-called trade deficit is actually an illusion, and any measures taken against an illusion must be futile. Tariff is robbery, a medieval evil. ... Leer más

    $2.43 USD o gratis con Kobo Plus