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Measure Profit with P and ATC – No Profit for Single-pricing Searcher
Sample TOC
1.
Opportunity Costs
1.1
A Matter of Opportunities
1.2
Opportunities Pay
1.3
The Case for Sweatshops
1.4
Why Do Immigrants Own Inner-City Stores?
1.5
Windfall Profit
1.6
Identifying comparative advantage
1.7
Generating combined production possibility curve
1.8
Higher output under partial specialization
2.
What Price Means and Does
2.1
Price Signals as Guides for Resource Allocation
2.2
Supply and demand - flash
2.3
Demand elasticity and total revenue - flash
2.4
Happy Hogging!
2.5
Is a Fine a Price?
2.6
Should parking be free? - flash
2.7
Excess Demand Blues - Scalpers profit from ticket shortage
2.8
Rent Ceiling
2.9
Sugar Daddy
2.10
Underground Sins
3.
Types of Goods
3.1
There Are no Widgets - Types of Goods
3.2
Rivalry and Excludability in Goods
3.3
Private Goods vs. Public Goods - flash
3.4
Drinking Experience
3.5
Streaming Revenues
3.6
Systems Competition and Network Effects
3.7
Tuned out
3.8
Roemer's Law of Demand
3.9
Complements and Substitutes - flash
3.10
More Money, More Options
3.11
Rent Ceiling
3.12
Self-Competition
4.
Production Costs
4.1
A Matter of Costs
4.2
Law of Diminishing Returns - flash
4.3
Cost curves under increasing and diminishing returns
4.4
From production function to cost function
4.5
From MP to MC
4.6
Generating MC from TVC
4.7
Generating AVC from TVC
4.8
Generating AFC from TFC
4.9
Generating ATC from TC
4.10
From AFC and AVC to TC
4.11
Labor on Call
4.12
Untangling Marginal vs Average Value
5.
Single-pricing Searchers
5.1
Maximization and Optimization at the Margin
5.2
Price Searchers, Price Discriminators, and Price Takers
5.3
Generating TR and MR for single-pricing searcher
5.4
Profit maximization for single-pricing searcher
5.5
Measure Profit with P and ATC – Positive Profit for Single-pricing Searcher
5.6
Profit and Output when P = MC for Single-pricing Searcher
5.7
Measure Profit with P and ATC – No Profit for Single-pricing Searcher
5.8
Fund Raising at the Margin
6.
Price discriminators
6.1
Total revenue under single pricing vs price discrimination
6.2
Marginal revenue under single pricing vs price discrimination
6.3
Profit maximization under single pricing vs price discrimination
6.4
Surplus under Single-pricing vs Price Discrimination
6.5
Profit maximization under high fixed cost – single pricing vs price discrimination
6.6
Flexible Pricing
7.
Price takers
7.1
Total revenue and total cost of the price taker
7.2
Profit maximization for the price taker
7.3
Short-run supply curve for price taker
7.4
Firm vs industry output under free entry
7.5
Noodle Price-hike Conspiracy
8.
Market Structure and Pricing Strategy
8.1
Market structure taxonomy
8.2
Pricing and economic surplus
8.3
How Much Is Anything Worth?
8.4
Flexible Pricing
8.5
Captive Customers
8.6
Capping the Sky
8.7
Noodle Price-hike Conspiracy
8.8
Virtual Scalping
8.9
Why Are Plane Tickets Nontransferable?
9.
Market Structure and Competitive Strategy
9.1
Competitive Strategy
9.2
From Brands to Generics - No Monopoly, No Competition
9.3
Battles of Standards
9.4
Systems Competition and Network Effects
9.5
Extreme Image Makeover
9.6
Beating the Pirates to the Punch Bowl
9.7
Bottom Fishing
9.8
Loss-leader Economy
9.9
Niche Competition
9.10
Shadow Branding
9.11
Tuned out
10.
Property Rights and Externality
10.1
Property Rights and Externality
10.2
Spillovers Are Not Always Externalities
10.3
External Benefit and External Cost - flash
10.4
Tragedy of the commons - flash
10.5
Licensing Textbooks
10.6
Fished Out!
10.7
Making Animal Conservation Pay
10.8
Owners, Keepers?
10.9
Patently Deadly
10.10
Right Makes Might
11.
Market Intervention and Regulation
11.1
Market Intervention and Regulation
11.2
Licensed to Kill?
11.3
Too Much Vitamin C?
11.4
What Makes Rights?
11.5
Strange Bedfellows!
11.6
Regulation vs price discrimination under natural monopoly
11.7
Blocked Exit
11.8
Byrding for Profit
11.9
Milked to Order
11.10
The Trustbusters' New Tools
11.11
Yellow Cabs, Red Tape
12.
Income Distribution
12.1
Income Distribution
12.2
Glamour vs Hardship
12.3
The Economics of Superstars
12.4
Income Lotteries
12.5
Global Labor Market
12.6
The Truncated Job Ladder
12.7
Choose Your Parents Carefully
12.8
Legacy Curse
12.9
The Insecurity of Job Security
12.10
The Seduction of Cheap Labor
12.11
The Truncated Job Ladder
13.
Information
13.1
The Market Role of Information
13.2
Choice Paralysis
13.3
Crystal Ball
13.4
Lemon Laundering
13.5
May the Best Brand Win!
13.6
Yes, Boss.
14.
Games people play
14.1
Games Are Serious and Ubiquitous
14.2
Games people play - flash
14.3
Fat Nation
14.4
Tipping the Scales
14.5
Aborting White Flight
14.6
6.3 Brides for Seven Brothers
14.7
Insurance at Risk
14.8
Joint Liability as Loan Collateral
14.9
Lemon Laundering
14.10
The Blind Leading the Blind
15.
Tastes and Preferences
15.1
Advantage vs Behavior
15.2
Unsinkable Sunk Cost
15.3
Doing It Now or Later
15.4
Life by default
15.5
The Evolution of Defectors and Cooperators
15.6
Trust and Betrayal
15.7
The Origin of Predictable Behavior
15.8
Happiness - Absolute or Relative?
15.9
Statistical Victims
16.
Free-market Solutions
