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We often observe a situation what old furniture is sold for a lower price than its residual value. It is also often rather costly to transport. So we probably do not have here an equilibrium...
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Before emergence of internet and google knowledge has been stored mostly in libraries with physical books. Now many of the are scanned (not all), while new research often comes in electronic form...
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Many of us have seen "Star Wars". Many of us like one of its main heroes - Luke Skywalker. He is ranked #14 among fictitious characters, see https://en.wikipedia.org/wiki/Luke_Skywalker But the...
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Most of us are living in democratic societies, where city majors are elected by people by the majority of votes. Thus, they have to defend the interests of majority in order to be re-elected. I...
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