Kevin Riehl, Anastasios Kouvelas, Michail Makridis
{"title":"公平货币 -- 利用因果报应经济进行公益价值定价","authors":"Kevin Riehl, Anastasios Kouvelas, Michail Makridis","doi":"arxiv-2407.05132","DOIUrl":null,"url":null,"abstract":"City road infrastructure is a public good, and over-consumption by\nself-interested, rational individuals leads to traffic jams. Congestion pricing\nis effective in reducing demand to sustainable levels, but also controversial,\nas it introduces equity issues and systematically discriminates lower-income\ngroups. Karma is a non-monetary, fair, and efficient resource allocation\nmechanism, that employs an artificial currency different from money, that\nincentivizes cooperation amongst selfish individuals, and achieves a balance\nbetween giving and taking. Where money does not do its job, Karma achieves\nsocially more desirable resource allocations by being aligned with consumers'\nneeds rather than their financial power. This work highlights the value\nproposition of Karma, gives guidance on important Karma mechanism design\nelements, and equips the reader with a useful software framework to model Karma\neconomies and predict consumers' behaviour. A case study demonstrates the\npotential of this feasible alternative to money, without the burden of\nadditional fees.","PeriodicalId":501188,"journal":{"name":"arXiv - ECON - Theoretical Economics","volume":"175 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2024-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Fair Money -- Public Good Value Pricing With Karma Economies\",\"authors\":\"Kevin Riehl, Anastasios Kouvelas, Michail Makridis\",\"doi\":\"arxiv-2407.05132\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"City road infrastructure is a public good, and over-consumption by\\nself-interested, rational individuals leads to traffic jams. Congestion pricing\\nis effective in reducing demand to sustainable levels, but also controversial,\\nas it introduces equity issues and systematically discriminates lower-income\\ngroups. Karma is a non-monetary, fair, and efficient resource allocation\\nmechanism, that employs an artificial currency different from money, that\\nincentivizes cooperation amongst selfish individuals, and achieves a balance\\nbetween giving and taking. Where money does not do its job, Karma achieves\\nsocially more desirable resource allocations by being aligned with consumers'\\nneeds rather than their financial power. This work highlights the value\\nproposition of Karma, gives guidance on important Karma mechanism design\\nelements, and equips the reader with a useful software framework to model Karma\\neconomies and predict consumers' behaviour. A case study demonstrates the\\npotential of this feasible alternative to money, without the burden of\\nadditional fees.\",\"PeriodicalId\":501188,\"journal\":{\"name\":\"arXiv - ECON - Theoretical Economics\",\"volume\":\"175 1\",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2024-07-06\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"arXiv - ECON - Theoretical Economics\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/arxiv-2407.05132\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"arXiv - ECON - Theoretical Economics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/arxiv-2407.05132","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Fair Money -- Public Good Value Pricing With Karma Economies
City road infrastructure is a public good, and over-consumption by
self-interested, rational individuals leads to traffic jams. Congestion pricing
is effective in reducing demand to sustainable levels, but also controversial,
as it introduces equity issues and systematically discriminates lower-income
groups. Karma is a non-monetary, fair, and efficient resource allocation
mechanism, that employs an artificial currency different from money, that
incentivizes cooperation amongst selfish individuals, and achieves a balance
between giving and taking. Where money does not do its job, Karma achieves
socially more desirable resource allocations by being aligned with consumers'
needs rather than their financial power. This work highlights the value
proposition of Karma, gives guidance on important Karma mechanism design
elements, and equips the reader with a useful software framework to model Karma
economies and predict consumers' behaviour. A case study demonstrates the
potential of this feasible alternative to money, without the burden of
additional fees.