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Private goods vs. public goods (transcript) (3/27/2007)
Narrated lecture on the difference between private goods and public goods. Demand schedules for private goods and public goods are generated using Flash animation.
Narrated lecture on the difference between private goods and public goods. Demand schedules for private goods and public goods are generated using Flash animation.
Complements and Substitutes (transcript) (3/27/2007)
Complements and substitutes illustrate the difference between changes in quantity demanded vs changes in demand.
Complements and substitutes illustrate the difference between changes in quantity demanded vs changes in demand.
Bundling (transcript) (3/27/2007)
By selling goods in bundles with a lower bundle price than the sum of the prices sold separately, mixed bundling could increase total net revenue when demands are mostly negatively correlated and price discrimination is impossible.
By selling goods in bundles with a lower bundle price than the sum of the prices sold separately, mixed bundling could increase total net revenue when demands are mostly negatively correlated and price discrimination is impossible.
External Benefit and External Cost (transcript) (3/27/2007)
The existence of external cost and external benefit leads to misallocation of resources.
The existence of external cost and external benefit leads to misallocation of resources.
Tragedy of the commons (transcript) (3/27/2007)
Narrated lecture on over-exploitation of commons resources due to unlimited entry.
Narrated lecture on over-exploitation of commons resources due to unlimited entry.
Pollution control (transcript) (3/27/2007)
Narrated lecture on cost efficient pollution control when firms have different pollution-reduction costs.
Narrated lecture on cost efficient pollution control when firms have different pollution-reduction costs.
Games people play (transcript) (3/27/2007)
Narrated lecture on multi-party games involving binary choices.
Narrated lecture on multi-party games involving binary choices.
