Showing 1 - 10 of 30
We start by using various economic and pedagogical concepts to understand the specificities of MOOC (Massive Online Open Courses) platforms. We then discuss how the private provision of MOOCs, seen as pure public goods, can be sustained. Based on the theory of multisided platforms, we analyse...
Persistent link: https://www.econbiz.de/10011246292
The basic idea of crowdfunding is to raise external finance from a large audience (the “crowd”), where each individual provides a very small amount, instead of soliciting a small group of sophisticated investors. The paper develops a model that associates crowdfunding with pre-ordering and...
Persistent link: https://www.econbiz.de/10010610459
We consider a model where creating a charity implies a fixed cost and individual contributions depend on how close donors feel with respect to the charity. In that setting we show that there are an optimal number of charities and an optimal rate of subsidization that depend on the set-up cost...
Persistent link: https://www.econbiz.de/10005043593
We explore the evolutionary dynamics of a population that consists of cooperators and defectors, wherein each member of the many pairs of players of a one-shot prisoner's dilemma game is drawn at random, and the number of descendents positively depends on the payoffs in the game. We demonstrate...
Persistent link: https://www.econbiz.de/10005008489
Judgment (or logical) aggregation theory is logically more powerful than social choice theory and has been put to use to recover some classic results of this field. Whether it could also enrich it with genuinely new results is still controversial. To support a positive answer, we prove a social...
Persistent link: https://www.econbiz.de/10011246300
IRP involves the distribution of one or more products from a supplier to a set of clients over a discrete planning horizon. Each client has a known demand to be met in each period and can only hold a limited amount of stock. The product is shipped through a distribution network by one or more...
Persistent link: https://www.econbiz.de/10011246312
We propose a new class of multidimensional poverty indices. To aggregate and weight the different dimensions of poverty, we rely on the preferences of the concerned agents rather than on an arbitrary weighting scheme selected by the analyst. The Pareto principle is, therefore, satisfied among...
Persistent link: https://www.econbiz.de/10011246323
We model problems of allocating disputed properties as generalized exchange economies in which agents have preferences and claims over multiple goods, and the social endowment of each good may not be sufficient to satisfy all individual claims. In this context, we investigate procedural and...
Persistent link: https://www.econbiz.de/10011228291
This paper examines how to satisfy a separability condition related to “independence of the utilities of the dead” (Blackorby et al., 1995; Bommier and Zuber, 2008) in the class of “expected equally distributed equivalent” social orderings (Fleurbaey, 2010). It also inquires into the...
Persistent link: https://www.econbiz.de/10010610452
Behavioral economics has shaken the view that individuals have well-defined, consistent and stable preferences. This raises a challenge for welfare economics, which takes as a key postulate that individual preferences should be respected. We agree with Bernheim (2009) and Bernheim and Rangel...
Persistent link: https://www.econbiz.de/10010610462