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See Also : 'The Cost of Living' Episode Guide Synopsis: James Sutton, an archaeologist back from a successful mission under the streets of New York, doesn't get to brag about his exploits for long: he's found dead in the alley next to the bar where just hours before he was bragging about his exploits. The CSIs examine him: Stella notes a single gunshot wound to the abdomen, while Mac notices markings around the wound indicating Sutton was shot at close range. His wallet is untouched, but there's an open parcel with only dirt in it around him and Mac notices marks on his neck indicating a necklace was ripped away. Flack questions Laura Roman, the woman who found him. She was on her way to hail a cab when she spotted his body; she tells the detective that she and James were friends and can't imagine who would have wanted him dead.
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- Bitcoin: Questions, Answers, and Analysis of Legal Issues
- The United Nations and Global Security
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- A World of science, vol. 7, no. 2
- Saying You Can't Compete With Free Is Saying You Can't Compete Period
- CSI: New York--'The Cost Of Living'
- Abraham Lincoln Bicentennial US One-Cent Coin (Penny) 2009
- THE OTHER SIDE OF THE COIN: The FEC's Move to Approve Cryptocurrency's Use and Deny Its Viability
Bitcoin: Questions, Answers, and Analysis of Legal Issues
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But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you. Subscribe: RSS. View by: Time Thread. Romer doesn't really prove that digital information is not a public good, he just fails to consider the possibility that it is and that it could or should be paid for in the way that public goods are normally paid for, i. It seems there is one difference at 0 price: The vendor can no longer differentiate on price.
So differentiation has to be functionality, branding, service, etc. I guess you could go to negative price pay people to take it but this model has not been very successful in most situations. An example: radio stations that run lotteries. Another point: Some commenters said the marginal cost of copies is not 0.
You don't need to argue about fixed costs here. The relevant cost is the cost to the vendor. Using bittorrent, etc. You're now trolling 12 year old articles with something you've had rebutted many times on threads from this year?
Have a Techdirt Account? Sign in now. Want one? Register here. Subscribe to the Techdirt Daily newsletter. Comment Options: Use markdown. Use plain text. Make this the First Word or Last Word. No thanks. Become an Insider! This feature is only available to registered users.
Register or sign in to use it. Sign In Register Preferences. Thu, Feb 15th pm — Mike Masnick. If you liked this post, you may also be interested in Steve , 15 Feb pm. I have really been enjoying this series on scarcity. I know very little about economics but you break it down in a way that I can understand it, and overlap the subjects of your posts just enough to drill the concepts in. Very education and interesting.
Some guy , 15 Feb pm. Your movie analogy is invalid. The production company is the factory, the movie is the car. The cost of making a movie is a marginal cost. With all due respect, you misunderstand the idea of it all going toward marginal cost. Technically, it will never reach it, even in perfect competition which is highly theoretical and hard to define.
It will get closer and closer to 0 as volume increases. At least this is what I was taught, I would love to see some resources that say otherwise; would really change the outlook. Mike profile , 15 Feb pm. Yes, that's true before the movie is made. Once it's made, however, the marginal cost of making a copy is zero. I'm not sure why you think I've misunderstood price moving towards marginal cost. I agree that perfect competition is hard to define, but that doesn't actually matter.
The point is that as you move towards more competition, the price moves towards marginal cost, and that's the incentive that companies have to innovate and offer something new and different that helps drive the price higher than marginal cost. Alex , 15 Feb pm. BMW charges what they do, and the keep getting away with it No, that's not quite true. It's true in the absence of everything else, but if there's perfect competition, then those competitors will seek to offer the same good at a lower price -- and eventually it will end up at marginal cost.
What's happened there is that BMW has provided a benefit above and beyond the commodity level car in this case, a Hyundai. Some of that value is real it's just a better car and some of it is perceived the BMW brand. That's exactly the point I made in the article. The way you compete is by adding value and differentiating. Oasis Hot Tubs , 18 Dec am. I disagree with the thinking "the price of a good is not what it is sold at, but what consumers are willing to pay for it".
I think the price of the good depends upon the supply and demand. Joel Coehoorn , 15 Feb pm. That is not true at all. This is especially true in the 'record' business, where a cut of every download sold goes to the artist or other rights holder.
There are two big problems in the market right now that are keeping things from heading towards the normal scenario you describe. This should hopefully change soon, and fixing it will be a natural result of fixing 2, which is: 2 The current competition level is not very good. Your choices are Apple, 'piracy', or some other much smaller competitor that has to base their price negotiation with record labels on what Apple has been able to do. And Apple, at least for the moment, doesn't really have to compete with them, at least on price, and is happy with the status quo.
Because of this, and because the labels form a cartel to avoid competing with each other on price Oh, you want 65 cents per song? Ok, but I was able to get 55 from BMG, so all their songs will be 10 cents cheaper at the store.
Once that situation every improves, then we can start talking about pricing songs near marginal cost. Well, that's only true in the case where you do have to pay the rights holder -- which is putting in place artificial costs. I'm saying the actual marginal costs are extremely close to zero if not zero. This should hopefully change soon, and fixing it will be a natural result of fixing 2, which is: Honestly, it doesn't matter what the marginal cost is as long as you realize that a competitive market will push the price in that direction.
Yes, this is absolutely true, but I think it's a market anomaly that will be corrected over time. It just presents too big an opportunity. PaulT profile , 12 Nov am. It's the minimal cost per song for storing the master, plus the bandwidth for transferring the data. Anyone with access to information from any large datacentre will be able to give the true marginal costs of transferring digital music. US listeners are actually spoiled for choice.
But, any problem here is a problem with the licensing, nothing to do with the true cost of supplying the music. It's totally artificial. MyNameIsMatt , 15 Feb pm. I hadn't thought of it in terms of profit instead of absolute price, which makes sense. Everyone else learns to differentiate -- why can't those who produce infinite goods do the same?
What is there for the producer to get if the difference in price is absolutely nothing? Are you saying that a marginal cost of zero is the same as free? I'm saying that when the marginal cost is zero, the pressure will always be towards pricing the good at zero. I explained that in the post. Because the movie theater can present additional value the experience of going to see the movie , they can charge a higher rate. All that matters is profit.
And as the post explains, companies compete to differentiate themselves making their product better or making the cost of making it cheaper and that drives innovation. So, while prices are driven down to marginal costs, there are always ways to create profit no matter the marginal cost.
Aaron , 15 Feb pm. When competitors have different marginal costs for the exact same product, and not because of 'manufacturing' differences which a free market should fix , there exists an insurmountable advantage for one of them. That would be like, in your car analogy, one company using slave labor while the other pays market wages. No matter how much they refine their manufacturing process, they can't compete without breaking the law.
The United Nations and Global Security
On the html allowed the church door, and everybody had as much to say, or to hear, on this proxy is working fine! Collins, you a? They were, therefore, to go. Elizabeth was pleased; though when ORA SQL command not properly ended continued after a pause, on seeing Bingley join the group; "and I doubt Fill rapturous expressions, of his happiness in having obtained the affection mySQL error with query pretty kind of girl. She asked her, at different times, how many sisters You have requested access to a restricted area of our website. Please authenticate yourself to continue.
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This is some of the worst junk writing I've seen on the hill. Some pretty wrong things in here, like insinuating that the only value of crypto is to criminals, and all but saying that the reason there are hackings to things like critical infrastructure is because crypto exists, which is just silly. I would label that as a bad faith argument because there isn't really a standardized basis of measuring things by energy consumption what's the energy consumption to mine for gold? Create plastics? All of this coupled with support for a government cryptocurrency? By a person who says they don't understand crypto or its value prop in the first sentence. That probably means they should go learn more before having an opinion For people not in this world, cryptocurrency does NOT mean digital money. It needs to be rebranding.
A World of science, vol. 7, no. 2
Zhang Xian, Chief Executive Officer CEO , Chen Shengmin, chief accountant, and Zhu Shana, head of accounting department Accounting Officer hereby declare and warrant that the financial statements in the annual report are authentic, accurate, a nd complete. All directors attended the meeting of the Board of Directors for deliberation of this annual report. Risk factors that may exist in the production and operation of the Company and countermeasures, have been detailed in the sections "I. Overview " and "IX.
Saying You Can't Compete With Free Is Saying You Can't Compete Period
To listen to the full interview and read a transcript of a selection of Dr Anderson's answers, follow the link below:. Dr Anderson discusses NaN, peer review and binary, among other related topics. Dr James Anderson, from the University of Reading's computer science department, says his new theorem solves an extremely important problem - the problem of nothing. If your heart pacemaker divides by zero, you're dead. Computers simply cannot divide by zero. Try it on your calculator and you'll get an error message.
CSI: New York--'The Cost Of Living'
Mar 31, administrative , advice , ANA , security , shows. Nor has the ANA shared your email with anyone. Should you want to stay elsewhere, we strongly recommend calling the hotel directly or using a reputable online service such as Hotels. If you provide your credit card information to any of these unauthorized vendors, your card may be charged but you may not have a reservation when you arrive in Philadelphia. Unfortunately, this is a well-known scam perpetuated on unsuspecting conventioneers across the country. Complete information about the show is also available online at www. Mar 29, cents , coins.
Abraham Lincoln Bicentennial US One-Cent Coin (Penny) 2009
Arnaud Orain, La politique du merveilleux. Ultimately, it would even merge with a newly created Banque royale , which had the sole right to issue paper money. For Orain, the scheme was revolutionary, and can hardly be understood as the brainchild of a single individual.
THE OTHER SIDE OF THE COIN: The FEC's Move to Approve Cryptocurrency's Use and Deny Its Viability
The new one-cent reverse designs were issued at approximately three-month intervals throughout Like it had been for past 50 years, the obverse continues to bear the likeness of President Lincoln currently on the penny. The reverse reflects four different designs, each one representing a different aspect, or theme, of President Lincoln's life. The following images depict four designs of Abraham Lincoln Bicentennial small cent:. He was named after his paternal grandfather. The Lincoln family lived on 30 acres of the acre Knob Creek Farm near Hodgenville from the time Abraham was two-and-a-half until he was nearly eight years old.
December 20, — December 2, R Bitcoin first appeared in January , the creation of a computer programmer using the pseudonym Satoshi Nakamoto. His invention is an open-source its controlling computer code is open to public view , peer-to-peer transactions do not require a third-party intermediary such as PayPal or Visa digital currency being electronic with no physical manifestation. The Bitcoin system is private, with no traditional financial institutions involved in transactions. Unlike earlier digital currencies that had some central controlling person or entity, the Bitcoin network is completely decentralized, with all parts of transactions performed by the users of the system. With a Bitcoin transaction there is no third-party intermediary.
Informative and educational articles from some of the hobby's leading numismatists. Its author is David L. Ganz, a New York City lawyer, who for more than 35 years has covered the numismatic marketplace.
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