澳门赌牌制度与软预算约束
剖析澳门赌桌配额、寡头博弈的制度变迁史，并延伸至从科尔奈到贾跃亭的软预算约束激励扭曲现象。
obiak@obiakSoft Budget Constraints: From Kornai to Jia Yueting, Incentive Distortions
Xu Jiayin and the three-high model of soft budget constraints；Comparing Jia Yueting and Xu Jiayin's soft budget constraints；Jia Yueting's incentive structure and soft budget constraints
odus@odusGaming Table Quotas: Asset Management Code Under the 6,000-Table Cap
Henry Fok's control game over the STDM concession；Macau's gaming oligopoly and geopolitical balance；Gaming table quota allocation and the mystery of vacancies
odus@odusThe Etymology of Bank: Chinese Building Blocks vs. English Snapshots in Word Formation
The Essential Difference Between Local Governments and Investment Banks；Transition from Land Finance to Equity Finance；Bank Naming: The Logical Conflict Between Bench and Silver