Fair allocation of items and money is a class of fair item allocation problems in which, during the allocation process, it is possible to give or take money from some of the participants. Without money, it may be impossible to allocate indivisible items fairly. For example, if there is one item and two people, and the item must be given entirely to one of them, the allocation will be unfair towards the other one. Monetary payments make it possible to attain fairness, as explained below. (Wikipedia).
This video introduced fair division. Site: http://mathispower4u.com
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Unit 5 - pareto optimal allocations part 1
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Unit 5 - practice problem 1 question
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Unit 4 - social surplus part 1
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Fair Division: The Sealed Bid Method
This video explains and provides examples of how to apply the sealed bid method. Site: http://mathispower4u.com
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Unit 5 - pareto optimal allocations part 3
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Unit 5 - pareto optimal allocations part 4
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Unit 5 - pareto optimal allocations part 5
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Inflation Is Driving Secondhand Markets Out Of Control, Here’s Why | Economics Explained
What do old watches and used cars have in common? (Hint: Inflation) This video was made possible by our Patreon community! ❤️ Get early access to new videos! ➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ The Economic Explained team uses Statista for conducting o
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Lecture 4 - Elementary data structures
This is Lecture 4 of the CSE373 (Analysis of Algorithms) course taught by Professor Steven Skiena [http://www.cs.sunysb.edu/~skiena/] at Stony Brook University in 2007. The lecture slides are available at: http://www.cs.sunysb.edu/~algorith/video-lectures/2007/lecture4.pdf More informati
From playlist CSE373 - Analysis of Algorithms - 2007 SBU
"RM Models for Online Advertising and On-Demand Platforms" by Florin Ciocan - Session I
This mini-course focuses on revenue management applications in online advertising and on-demand platforms with time-sensitive customers that give rise to novel matching and queueing models. For example, online advertising platforms match impressions supply to advertiser demand, whereas on-
From playlist Thematic Program on Stochastic Modeling: A Focus on Pricing & Revenue Management
Unit 5 - pareto optimal allocations part 2
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Markets, Efficiency, and Price Signals: Crash Course Economics #19
Adriene and Jacob teach you all about markets. So, in free market(ish) economies like the United States and most of the world, markets are a big deal. Markets work to produce the stuff that consumers want, and that society needs. Today we'll talk about productive and allocative efficiency,
From playlist Economics
Speaking Of Bitcoin - Let's Talk About Bitcoin Transaction Fees!
In this episode of Speaking of Bitcoin (originally recorded in October, 2020 before our hiatus), join Adam B. Levine, Andreas M. Antonopoulos, Stephanie Murphy and Jonathan Mohan as they dig into the critically important topic of transaction fees, the game theory that makes them work, ecce
From playlist Podcast: Speaking of Bitcoin
Markets for Centralized Allocation Problems - F. Echenique - 1/31/2020
"Markets for Centralized Allocation Problems: Fairness, Efficiency, and Property Rights" Federico Echenique, Allen and Lenabelle Davis Professor of Economics, Caltech Abstract: Economists study naturally occurring markets and their welfare properties, but it is also possible to create art
From playlist HSS Caltech + Finance 2020
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
Why Can't You Buy Anything Anymore? Well It's Not All The Virus' Fault | Economics Explained
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