14. Criminology

1. Market Failure

128: Lemons This video reveals the peculiarity of Akerlof’s lemon theory.
129: Moral Hazard I This video shows that it is impossible to bring back the two-dimensional theory from a one-dimensional function.
130: Moral Hazard II This video shows that the theory by Arnott and Stiglitz contains only one point.
131: Moral Hazard III This video disproves the moral hazard theory by A&S.
009: Krugman’s Medieval Theory of Bubbles When economists cannot explain some real life observations, they pray for something supernatural.
156: Social Cost II This video proves that Coase is blackmailing the victim.
157: Social Cost III This video proves that Coase is blackmailing randomly.
158: Tax Incidence This video proves that Coase’ theorem is bullying and fundamentally wrong.

2. Traditional Criminology

296: Crime I This video rejects Becker’s crime theory.
297: Crime II This video reproduces Becker’s optimal crime theory.
298: Crime III This video shows how government can benefit from crimes.
299: Crime IV This video proves that Becker’s optimal punishment must be zero.
372: Crime V This video further proves that punishment is promoting crimes.

3. Sex

188: Fertility I This video reveals how Becker and Barro have scared themselves.
189: Fertility II This video disproves Becker’s fertility theory.

4. Betting

132: Expected Utility This video reviews the expected utility theory initiated by von Neumann and Morgenstern.
136: Game #7 This video shows that neither the Maximin nor the Nash method can solve the Prisoner’s dilemma of competition.
133: Gambling I This video explains why people bet unfair games, offers stochastic explanation, and explains the St. Petersburg Paradox.
134: Gambling II This video shows how to avoid moral hazard in gambling.
135: Insurance This video shows how to avoid moral hazard in insurance.

5. Drug

163: Addiction This video proves that Becker’s Addiction theory is indecisive.
164: Growth & Addiction This video tells the difference between growth and addiction theories.

6. Monopoly

122: Monopoly I This video reproduces Stigler’s proof that monopoly loss is miserably small.
127: Monopoly IV This video works out an alternative monopoly model.

7. Embezzlement

064: Agency Dilemma I This video proves that the manager would embezzle the whole pie, had he had his own indifference curve.
065: Agency Dilemma II This video proves that the manager might embezzle more than the whole pie, if embezzlement price could be made lower.
066: Agency Dilemma III This video proves that policing or outsourcing may ruin the bargaining problem at all.

8. Vulture

289: IPO This video illustrates the rise of share price due to higher earning.
290: IPO II This video illustrates how a firm issues new shares during IPO.
291: IPO III This video proves that IPO proceeds must go to existing shareholders only.
266: Corporate Finance I This video reproduces the MM theorem of corporate finance.

9. Traffic Ticket

068: Rent I This video disproves Ricardo’s rent theory by invoking “monopoly has no supply".
069: Rent II This video proves that it is the Central bank that has to be taxed, not the land owner.
070: Rent III This video proves that land supply in not perfectly inelastic.
140: Stupid Labor Theory This video shows that Ricardo’s labor theory is both stupid and fatal.
142: Wrong Supply I This video rejects Knight’s traffic supply curve.
143: 塞車, Wrong Supply II This video shows how traffic congestion is created.
138: Knight’s Stupid Toll Theory This video proves that Knight’s toll theory is a stupid measure.
144: 負道路收費, Negative Toll This video proves that toll, if any, should be negative
343: Consumer’s Surplus VII This video condemns raising toll for resource reallocation reason.
145: Speed Limit This video proves that raising speed limit expands road capacity.

10. Pollution

147: Punishment Marginal Cost This video proves that punishment does not eliminate or reduce pollution.
148: Carbon Tax I This video proves that carbon tax is immoral and ineffective.
150: Carbon Trade This video proves that carbon trade does not eliminate carbon.
300: Ineffective Punishment This video explains why Becker’s crime theory is ineffective.
149: Carbon Tax II This video proves that pollution is not an input.
151: Pollution Tax This video proves that economists do not kill two birds with their pollution tax.
153: Double Tax This video proves that pollution tax is a double blow to the industries.
141: Stupid Tax Theory This video shows that Pigou’s tax theory is extremely stupid.
154: Triple Tax This video proves that pollution tax encourages pollution.
152: Tax Swap This video proves that tax swap is ridiculous.
155: Social Cost I This video proves that Coase has a better way to correct externality than Pigou.