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The effect of a Social Policy Bond regime is to contract out the achievement of social and environmental goals to the most efficient operators - whether they be in the private private or public sector. Because Social Policy Bonds do not prejudge how objectives shall be achieved nor who shall achieve them, they would encourage diverse, adaptive solutions. In futarchy we would vote on values, but bet on beliefs. Elected representatives would formally define and manage an after-the-fact measurement of national welfare, while market speculators would say which policies they expect to raise national welfare.
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Bowles, Samuel, and Herbert Gintis. An Introduction to the Theory of Mechanism Design. Buchanan, James M. Cai, Yang, Constantinos Daskalakis, and S.
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Department of Economics, Rutgers University, Newark. Jackson, Matthew O. References Publications referenced by this paper. Kauffman , Bin Wang. Demand aggregation through online buying groups. Van Horn , N. Does group-shopping work? The economics of Mercata and Mobshop. Strategies for maximizing seller's profit under unknown buyer's valuations Bella Belegradek , Konstantinos Kalpakis , Yelena Yesha.
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Sadrieh , The. Auction on the internet - a preliminary study Kevin Chui , Rami Zwick. Berlin Heidelberg: Springer Verlag. Smith V.
Microeconomic systems as experimental science. American Economic Review 72 — Williams A. Bratton W. Vannoni M. Competitive market institutions: double auctions vs. The American Economic Review 72 1 58— Vickrey W.
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Counterspeculation auctions and competitive sealed tenders. Journal of Finance 6 8— Wilson R. On Equilibria of Bid — Ask Market. In: G. Feiwel eds. Arrow and the Ascent of Modern Economic Theory pp.
http://alexacmobil.com/components/melokosa/bog-copiare-rubrica-sim.php Strategic analysis of auctions. In: R.
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