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TLDR News
Mastercard's Banning Porn? Who Should Regulate the Internet? - TLDR News
Mastercard and Visa (the world's payment processing monopoly) have been taking steps recently to clean up the online porn industry. The latest sees Mastercard enforcing yet more rules to protect those featured in porn, while also...
Professor Dave Explains
Understanding How Prices Work in a Free Market
Now that we know about supply and demand, we are ready to talk about prices, and how they dictate the dynamics of a free market economy. Free markets lead to an efficient distribution of resources, however there are exceptions, such as...
Khan Academy
Khan Academy: Why Parties in a Cartel Will Cheat: Why Parties to Cartels Cheat
Why duopolists would benefit from forming a cartel and why it makes sense for them to cheat. [11:19]
Khan Academy
Khan Academy: Why Parties to Cartels Cheat
In this video, Khan Academy explores a conflict that duopolists (and other oligopolies) face: there is a tension between cooperating and forming a cartel or cheating on that cartel once it is formed. [11:18]
Khan Academy
Khan Academy: Game Theory of Cheating Firms
We deepen our understanding of a Nash Equilibrium by exploring Pareto optimality and more on Nash Equilibrium in this video. [9:20]