In economics and mechanism design, a cost-sharing mechanism is a process by which several agents decide on the scope of a public product or service, and how much each agent should pay for it. Cost-sharing is easy when the marginal cost is constant: in this case, each agent who wants the service just pays its marginal cost. Cost-sharing becomes more interesting when the marginal cost is not constant. With increasing marginal costs, the agents impose a negative externality on each other; with decreasing marginal costs, the agents impose a positive externality on each other (see ). The goal of a cost-sharing mechanism is to divide this externality among the agents. There are various cost-sharing mechanisms, depending on the type of product/service and the type of cost-function. (Wikipedia).
In this video, you’ll learn more about the sharing economy. Visit https://www.gcflearnfree.org/using-the-web-to-get-stuff-done/what-is-the-sharing-economy/1/ for our text-based lesson. This video includes information on: • An explanation of the sharing economy • Examples of the sharing ec
From playlist The Sharing Economy
This video introduced fair division. Site: http://mathispower4u.com
From playlist Fair Division
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From playlist Courses and Series
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This video provides an example of how to determine producer surplus. Complete Video Library at www.mathispower4u.com
From playlist Business Applications of Integration
If you are interested in learning more about this topic, please visit http://www.gcflearnfree.org/ to view the entire tutorial on our website. It includes instructional text, informational graphics, examples, and even interactives for you to practice and apply what you've learned.
From playlist The Sharing Economy
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From playlist English Subtitles - aantonop Videos with subtitles in English
This video provides an example of how to find the equilibrium point given the demand and supply functions. Then producer surplus is found. Site: http://mathispower4u.com
From playlist Business Applications of Integration
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From playlist IIT Madras: History of Economic Theory | CosmoLearning.org Economics
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This is Lecture 3 of the COMP510 (Computational Finance) course taught by Professor Steven Skiena [http://www.cs.sunysb.edu/~skiena/] at Hong Kong University of Science and Technology in 2008. The lecture slides are available at: http://www.algorithm.cs.sunysb.edu/computationalfinance/pdf
From playlist COMP510 - Computational Finance - 2007 HKUST
MIT 14.04 Intermediate Microeconomic Theory, Fall 2020 Instructor: Prof. Robert Townsend View the complete course: https://ocw.mit.edu/courses/14-04-intermediate-microeconomic-theory-fall-2020/ YouTube Playlist: https://www.youtube.com/watch?v=XSTSfCs74bg&list=PLUl4u3cNGP63wnrKge9vllow3Y2
From playlist MIT 14.04 Intermediate Microeconomic Theory, Fall 2020
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From playlist GE Colloquium in Sustainability Leadership
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From playlist Reunion Homecoming
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MIT 14.04 Intermediate Microeconomic Theory, Fall 2020 Instructor: Prof. Robert Townsend View the complete course: https://ocw.mit.edu/courses/14-04-intermediate-microeconomic-theory-fall-2020/ YouTube Playlist: https://www.youtube.com/watch?v=XSTSfCs74bg&list=PLUl4u3cNGP63wnrKge9vllow3Y2
From playlist MIT 14.04 Intermediate Microeconomic Theory, Fall 2020
Lec 5 | MIT 6.189 Multicore Programming Primer, IAP 2007
Lecture 5: Parallel programming concepts License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu Subtitles are provided through the generous assistance of Rohan Pai.
From playlist MIT 6.189 Multicore Programming Primer, January (IAP) 2007
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