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A Two-Part Tariff consists of charging an entry fee, and price per unit. Setting price per unit to maximize consumer surplus, then extract the surplus with the entry fee. Examples: bar cover fee, Costco. |
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| There are no conversations. |
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| Skill |
April 13, 2017, 6:18 p.m. |
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| Arthur Eddington |
It is one thing for the human mind to extract from the phenomena of nature the laws which it has itself put into them; it may be a far harder thing to extract laws over which it has no control. |
| Bob Iger |
It's in our best interest to put some of the old rules aside and create new ones and follow the consumer - what the consumer wants and where the consumer wants to go. |
| Dianne Feinstein |
Today we have a health insurance industry where the first and foremost goal is to maximize profits for shareholders and CEOs, not to cover patients who have fallen ill or to compensate doctors and hospitals for their services. It is an industry that is increasingly concentrated and where Americans are paying more to receive less. |
| Marc Andreesen |
I would say the consumer Internet companies - in a lot of ways, if you go inside the consumer Internet companies and you see how they run, it's how all their businesses are going to run. |
| Marc Andreesen |
The advantage of the consumer businesses is they tend to be much broader-based, much larger number of customers, that tend to over time be a lot more predictable. The advantage of the enterprise companies is they are not as subject to consumer trend, fad, behavior. |
| Milton Friedman |
Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government. |
| Barbara Ehrenreich |
Yes. I think the anti-Wal-Mart is Costco, which pays much better and has much better health benefits and which is profitable and offers low prices. |
| Charles Eastman |
The family was not only the social unit, but also the unit of government. |
| Martin Campbell |
I always look at these superhero films, and I see people hurdling towards at a hundred miles per hour, and then they get up, shake their head, and charge back at a hundred miles per hour. Nobody seems to really get injured or hurt. I don't find any threat in that. There is no tension in that whatsoever. |
| Michelangelo |
The greater danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark. |
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Thieves steal a Tesla Model S by hacking the entry fob
Breaking in to the EV was easier than unplugging it.
A Tesla owner who recorded thieves stealing his Model S by hacking the passive entry system has published the video on YouTube so we can all watch (and learn). It shows the crooks using a tablet to apparently capture the passive signal from his keyfob, then using the data to open the vehicle. Amusingly, the pair didn't drive off as quickly as they could have simply because they couldn't figure out how to detach the charging cable (hint: there's a button).
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“There are only three requirements for success. First, decide exactly what it is you want in life. Second, determine the price that you are going to have to pay to get the things you want. And third, and this is most important, resolve to pay that price.”
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i bought $100 worth of bitcoin the other day for the first time. the price rose a bit and the price difference covered the taco bell i just bought.
neat.
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For the first time ever, the price of one bitcoin has surpassed the price of one ounce of gold. While today's swap can be attributed to a good day for bitcoin (up ~3%) and a bad day for gold (down ~1.3%), the big picture is that bitcoin has more than doubled in the last year (up ~185% from a year ago) while gold is essentially trading exactly at the price it was a year ago. Even though bitcoin and gold are both thought of as alternative assets, they don't usually trade in correlation. Still, it's notable that bitcoin has (at least temporally) surpassed the price of gold. Gold is quite literally the "gold standard" of alternative assets, often used by investors to hedge against potential losses in more traditional assets like real estate and the stock market.
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Understanding how buy and sell walls work, and why they indicate the opposite of what you think they do. This is market 101 stuff, but I think a lot of people don't understand this, so I'm going to help explain it.
I'm going to help explain this phenomena, because this is how big players enter or exit a market. This is how they create the liquidity they need, while eliminating the slippage which they don't want. I've had a few people lately that completely didn't understand this, and I figured there could be a lot of new investors (not just crypto, but market investors) that could benefit from a thorough explanation of this maneuver.
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maybe thats where i should get a job then, underwear surplus
This post is a comment.
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Bitcoin's Price Was Artificially Inflated Last Year, Researchers Say
A concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year, according to a paper released on Wednesday by an academic with a history of spotting fraud in financial markets. From a report, first shared to us by reader davidwr:
The paper by John Griffin, a finance professor at the University of Texas, and Amin Shams, a graduate student, is likely to stoke a debate about how much of Bitcoin's skyrocketing gain last year was caused by the covert actions of a few big players, rather than real demand from investors. Many in...
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wondering if i should have had a higher minimum than $550 but too late. also competition may drive it up to my buy out price of $5k who knows.
i had tried selling it two other times to no avail
This post is a comment.
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Dream Journal Entry 1: Last night I dreamt I was skiing across a bridge with foam snow trying to dodge baby seals and then I fell over and a baby seal started licking my face and my friends took pictures of me because all the previous baby seals couldn't waddle properly but the one that licked my face could so it was obviously the best
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Vietnam Deploys 10,000 Cyber Warriors to Fight 'Wrongful Views'
from the assuming-control dept.
Vietnam is deploying a 10,000-member military cyber warfare unit to combat what the government sees as a growing threat of "wrongful views" proliferating on the internet, Bloomberg reported on Wednesday, citing local media reports. From the report:
Force 47 has worked pro-actively against distorted information, Tuoi Tre newspaper reported, citing Nguyen Trong Nghia, deputy head of the general politics department under the Vietnam People's Military. The disclosure of the unit comes as the Communist government pressures YouTube and Facebook to remove videos and accounts seen damaging the reputation...
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