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Invisible-Hand Game and Prisoner's Dilemma Game - kuaiban version
flashecon
66 views
Games involving binary choices can be better illustrated with N number of players rather than just two players. The invisible-hand game and the prisoner's dilemma game are ...
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Critical-Mass Game and Gender Preference Game - kuaiban version
flashecon
32 views
Multi-party binary-choice games in critical mass and gender preference.
Contents for http://livingecon.org
gender03_kuaiban.mp4
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Coordination Game and Congestion Game - kuaiban version
flashecon
55 views
Multi-party coordination game and congestion game.
Contents for http://livingecon.org
coordination06_kuaiban.mp4
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Bundling - kuaiban version
flashecon
60 views
Selling goods in a bundle could increase sellers' profit under certain demand and cost conditions.
Contents for http://livingecon.org
bundling02_kuaiban02.mp4
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Busy Bees - A Story of External Benefits (kuaiban version)
flashecon
48 views
Honey bees tell an interesting story of how businesses settle payments for spillover costs and benefits among them.
Contents for http://livingecon.org
busy_bees02_kuaiba...
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Scoop Your Poops - kuaiban version
flashecon
31 views
Enforceable property rights reduce external costs.
Contents for http://livingecon.org
fence02_kuaiban .mp4
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External Benefit and External Cost - kuaiban version
flashecon
53 views
External cost and external benefit exist because some property rights have not been clearly defined and enforced. Their existence leads to misallocation of resources.
Con...
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Your Customers Are My Customers- kuaiban version
flashecon
29 views
When it comes to external benefits, appearance could be deceptive.
Contents for http://livingecon.org
customers02_kuaiban .mp4
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Tragedy of the Commons - kuaiban version
flashecon
62 views
Unlimited entry could easily lead to over-exploitation of commons resources.
Contents for http://livingecon.org
commons04_kuaiban .mp4
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Demand Elasticity and Total Revenue - kuaiban version
flashecon
125 views
A linear downward-sloping demand curve has a range of demand elasticities and an inverted U-shaped total revenue curve under single pricing.
Contents for http://livingeco...
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