We maintain that the crypto-currency bitcoin is a practical application of what is termed
“memory” in the monetary economics literature. After reviewing the theoretical literature on …

This article provides an overview of modern contract theory and discusses the implications
of the theory for contracting for perennial dedicated energy crops. We discuss some of the …

This paper presents a case study of the emergence of currency from a barter economy in an
online game community. We use this case study to attempt to shed light on the relative …

This paper addresses the problem of sequentially allocating time-sensitive goods, or one-
period leases on a durable good, among agents who compete through time and learn about …

In this paper, we study optimal educational policies when the ability to benefit from
education is private information. We extend the framework of De Fraja (2002) in two …

In many online systems, individuals provide services for each other. Typically, the recipient
of the service obtains a benefit while the provider of the service incurs a cost. Assuming that …

Money is a recognised factor in creating sustainable, affluent societies. Yet, the neoclassical
orthodoxy that prevails in our economic thinking remains as a contested area, its supporters …

Money is a recognised factor in creating sustainable, affluent societies. Yet, the neoclassical
orthodoxy that prevails in our economic thinking remains as a contested area, its supporters …