Mechanism design

Cost-sharing mechanism

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).

Video thumbnail

What is the Sharing Economy?

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

Video thumbnail

Introduction to Fair Division

This video introduced fair division. Site: http://mathispower4u.com

From playlist Fair Division

Video thumbnail

Ex: Consumer Surplus (Linear)

This video provides an example of how to find the equilibrium point given the demand and supply functions. Then consumer surplus is found. Site: http://mathispower4u.com

From playlist Business Applications of Integration

Video thumbnail

Ex: Producer Surplus

This video provides an example of how to determine producer surplus. Complete Video Library at www.mathispower4u.com

From playlist Business Applications of Integration

Video thumbnail

The Sharing Economy

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

Video thumbnail

Bitcoin Q&A: Governance and the Transaction Fee Market

Paris Merkle Conference Keywords/phrases: Establishing a transaction fee market. There is, and has been, a fee market for Bitcoin; it was not important until we reached critical capacity. Once you reach a point were capacity is constrained, fee markets come into play. Fee markets will hap

From playlist English Subtitles - aantonop Videos with subtitles in English

Video thumbnail

Ex: Producer Surplus (Linear)

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

Video thumbnail

Related Rates

http://mathispower4u.wordpress.com/

From playlist Related Rates

Video thumbnail

Mod-01 Lec-19 Ricardo-Malthus debate

History of Economic Theory by Dr. Shivakumar, Department of Humanities and Social Sciences IIT Madras, For more details on NPTEL visit http://nptel.iitm.ac.in

From playlist IIT Madras: History of Economic Theory | CosmoLearning.org Economics

Video thumbnail

19. Cost, Price, Markets, & Support Mechanisms, Part II

MIT 2.627 Fundamentals of Photovoltaics, Fall 2011 View the complete course: http://ocw.mit.edu/2-627F11 Instructor: Tonio Buonassisi This lecture features a detailed look at German policy initiatives for renewable energy, a survey of state-run programs in the U.S., and discussion of the

From playlist MIT 2.627 Fundamentals of Photovoltaics, Fall 2011

Video thumbnail

Trusted CI Webinar: SmartProvenance: A Distributed, Blockchain Based Data Provenance

Originally recorded February 26, 2018 Slides: http://hdl.handle.net/2142/99078 Blockchain technology has evolved from being an immutable ledger of transactions for cryptocurrencies to a programmable interactive environment for building distributed reliable applications. Although the bloc

From playlist Center for Applied Cybersecurity Research (CACR)

Video thumbnail

Stanford Seminar - Rethinking Memory System Design for Data-Intensive Computing

"Rethinking Memory System Design for Data-Intensive Computing"- Onur Mutlu of Carnegie Mellon University About the talk: The memory system is a fundamental performance and energy bottleneck in almost all computing systems. Recent system design, application, and technology trends that requ

From playlist Engineering

Video thumbnail

Lecture 3 - Forward Contracts

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

Video thumbnail

Exam #2 Review

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

Video thumbnail

Sustainability Leaders Speaker Series: Whole Foods

Whole Foods' Global Leader of Sustainable Engineering and Energy Management, Kathy Loftus, will discuss how the company weaves its Green Mission into everything it undertakes, and how this has enabled it to emerge as the nation's leading green food retailer.

From playlist GE Colloquium in Sustainability Leadership

Video thumbnail

A Perfect Storm: U.S. Health Care Spending with M. Kate Bundorf

Why is health care spending so high in the U.S. and what should we do about it? How will reform of the health care system affect health care spending? Mary Kate Bundorf is an associate professor of Health Research and Policy and, by courtesy, at the Graduate School of Business. She is a h

From playlist Reunion Homecoming

Video thumbnail

Lecture 11: Contracts and Mechanism Design

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

Video thumbnail

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

Video thumbnail

Profit Margin, Gross Margin, and Operating Margin - With Income Statements

This finance video tutorial explains how to calculate the net profit margin, the gross profit margin, and operating profit margin of a company given an income statement. This video includes many examples and practice problems that will help you to learn the concept. My Website: https://

From playlist Stocks and Bonds

Related pages

Convex function | Facility location (cooperative game) | Surplus sharing | Mechanism design | Submodular set function | English auction | Shapley value | Marginal cost