17. Traffic

This page outlines the syllabus of a new textbook: Traffic Economics. It covers three areas: traffic and congestion theory, public choice and monopoly theory.

 

Traffic & Congestion

068: Rent I This video proves that Ricardo’s vertical line is not a supply curve.
069: Rent II This video proves that holding land is not costless. Instead of landowners, this video suggests taxing the central banks.
070: Rent III This video proves that land supply is not perfectly inelastic.
139: Smith’s Objection to Utility This video shows how Adam Smith rejected the utility theory.
140: Stupid Labor Theory This video shows that Ricardo’s labor theory is both stupid and fatal.
141: Stupid Tax Theory This video shows that Pigou’s tax theory is extremely stupid.
138: Knight’s Stupid Toll Theory This video proves that Knight’s toll theory is a stupid measure.
142: Wrong Supply I This video rejects Knight’s traffic supply curve.
143: Wrong Supply II This video shows how traffic congestion is created.
144: Negative Toll This video proves that toll, if any, should be negative!
145: Speed Limit This video proves that raising speed limit expands road capacity.
 

Building Highways

335: Dupuit I This video shows that Dupuit’s demand measures only the change of quantity.
336: Dupuit II This video shows how Dupuit fabricates number to fit his wrong demand.
337: Dupuit III This video proves that Dupuit’s toll revenue is the result of multiple duplications.
338: Consumer’s Surplus I This video turns marginal utility to a demand behaviour.
339: Consumer’s Surplus II This video shows that lower cost raises profit.
340: Consumer’s Surplus III This video introduces a more significant measure of consumer’s surplus.
341: Consumer’s Surplus IV This video introduces a new accounting scheme for CBA.
342: Consumer’s Surplus V This video redefines deadweight loss due to monopoly.
343: Consumer’s Surplus VI This video condemns raising toll for resource reallocation reason.
046: Consumer’s Surplus Dupuit used consumer’s surplus to justify the provision of a bridge. This video disproves consumer’s surplus, but shows real profit.
047: Just Taxation I This video proves that marginal utility of cost is increasing, the reverse of the diminishing law of marginal utility.
048: Just Taxation II This video shows that Musgrave’s demand curve for public good lies below the zero-cost line.
049: Just Taxation III It is purely accidental for three lines to intersect at one point. This video shows how Clark has cheated us to obtain that point.
050: Just Taxation IV To add two parts together to obtain the designated sum is accidental. This video shows how Clark has cheated us to obtain that sum.
061: Auction Voting I This video shows that VL Smith’s forced price theory is Nash unsolved bargaining problem.
062: Auction Voting II This video shows how VL Smith destroys his own perfect pricing theory.
063: Auction Voting III This video shows how VL Smith encourages people to cheat. The result of the cheating is that no public project will ever be viable.
146: Club House This video proves that Buchanan’s club house theory is contradictory.
 

Monopoly

122: Monopoly I This video reproduces Stigler’s proof that monopoly loss is miserably small.
123: Monopoly II This video argues that Tullock’s rent does not dissipate.
126: Monopoly III This video proves that a competitive firm can produce more than a monopolist.
124: Quota I This video proves that Krueger’s rent-dissipation theory is killing innocent people.
125: Quota II This video proves that Krueger’s rent-dissipation theory erroneously increases export.
127: Monopoly IV This video works out an alternative monopoly model.
 

Regulating Monopoly

331: Regulating Monopoly I This video shows how powerless Baron and Myerson’s regulator is.
332: Regulating Monopoly II This video describes what marginal cost pricing is.
333: Regulating Monopoly III This video proves that MC pricing is futile.
334: Regulating Monopoly IV This video proves that the Baron and Myerson regulator is a abettor to robbery.
356: Marginalism IX This video disproves the existence of monopoly demand.

 

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