This paper proves that bargaining can be equivalently depicted in a utility possibility curve, to derive the same unfair Nash solution. This paper confirms that there is no simple solution for bargaining, and that the so-called social indifference curve does not exist

This paper points out that Becker's crime model is actually promoting crimes, that its crimes help government collect revenue, and that his punishment encourages more offences. This paper then indicates the proper procedure to work out a positive crime theory. Accordingly, thieves will commit...

This paper reveals some mistakes committed by Laffont and Triole (L&T). Such mistakes lead to disastrous consequence of very exaggerated payment, namely the whole output to a manager hired to make workers less lazy. When the manager also becomes very lazy and they hire another higher manager,...

This paper fixes a longtime unresolved deficiency in the spatial competition theory of not allowing production cost. The problem lies with the magical Hotelling equation. This paper turns this equation from being a stumbling block into a useful stepping-stone. It then shows how competition end...

This paper disproves that Samuelson's re-switching theory. It then shows that his calculation is nothing but an investment evaluation method, not a production decision. Finally, it shows that re-switching is a manipulation of some linear and non-linear functions

This paper proves that the Pigou-Knight road toll is measured from a wrong direction. Having changed the direction, this paper proves that Walters' traffic curve should be called the compensation curve. Road users with higher cost should receive compensation, just like delayed passengers obtain...

This paper disproves the Smith and Ricardo theory of land and rent, and the Henry George single tax. In particular, it shows that land supply is not perfectly elastic, and that landlords are not doing nothing. This paper argues that land is as precious as diamond, that taxing land discourages...

This paper tries to reproduce a traffic supply curve using the method suggested by Walters (1961), but finds that the result is anything but positive. Instead, this paper proves that such curves belong to the road users in a negative relation. Traffic involves cost, and toll and congestion...

This paper proves that the traditional wisdom of robbing the rich for the poor will end up with just the opposite result. Evidences are given to confirm that such unjust re-distribution is happening in the real world. Welfare economists should be fired: to be replaced by wealth economists