The book New Geographies of Language: Language, Culture and Politics in Wales is naturally seeking a very interesting goal rarely been witnessed before. For one thing, it is trying to mix language and linguistics with a totally distinct science, geography. For another, geography happens to be a literally exotic science. Students all around the world might be generally of two types: Those who lo...

An existing theoretical literature finds that frictionless resale markets cannot reduce profits of monopolist producers of perfectly durable goods. This paper starts by presenting logical arguments suggesting this finding does not hold for goods consumers tire of with use, implying the impact of resale is an empirical question. The empirical impact is then estimated in the market for video game...

A book review on Big History and the Future of Humanity The book " Big History and The Future of Humanity " [1] deals with the so-called big history, an approach that places the standard historical analysis in the wider framework of the entire evolution of the universe. It aims at uncovering patterns that could not be appreciated " if one were to examine only smaller portions of our past, " pag...

In this paper, we examine the optimal mechanism design problem of selling an indivisible object to one regular buyer and one speculator, where inter-buyer resale cannot be prohibited. The resale market is modeled as a stochastic ultimatum bargaining game between the two buyers. We fully characterize the optimal mechanism under general conditions. Surprisingly, in the optimal mechanism, the sell...

Nor are we by any means free of the Willisian type of speculation in the present twentieth century. For it is still human (and will long remain so) to desire and accept explanations based on relatively simple systematized concepts, such as the 'sub-conscious' or 'stress' which elude all attempts to catch them in the net of experimental confirmation or refutation. The production of facsimile edi...