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frank smith

Fair Outcomes, Inc. - 1 views

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    Fair Outcomes, Inc. provides parties involved in disputes or difficult negotiations with access to newly developed proprietary systems that allow fair and equitable outcomes to be achieved with remarkable efficiency. Each of these systems is grounded in mathematical theories of fair division and of games. Our founders and staff include game theorists, computer scientists, and practicing attorneys with extensive experience in designing, administering, utilizing, and providing consulting and online services with respect to such systems. Further information about our company and our services may be obtained by using the contact information appearing on this page. Additional information about four of our systems can be obtained by clicking on the links appearing below:
frank smith

Welcome to FAIR OUTCOMES, INC. - 1 views

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    Welcome to the Home Page of the Fair Buy-Sell System. This system is used by joint owners of property-such as business partners, joint venturers, shareholders, and married couples-who wish to bring their joint ownership to an end on terms that are mutually acceptable and legally enforceable. This page allows you to access a simplified version of the system that we are offering to the public free of charge. If you are a joint owner of property and wish to use the system, or if you simply wish to run a free test to see how it works, you can do so by clicking on Issue an Invitation. To respond to another party's initiation of the System, click on Respond to an Invitation. A summary of the system and the involved process appears below.
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    A free version of Fair Outcomes bargaining system. I am going to take a deeper look latetr today/tonight
frank smith

Free rider problem - 0 views

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    In economics, collective bargaining, psychology, and political science, "free riders" are those who consume more than their fair share of a public resource, or shoulder less than a fair share of the costs of its production. Free riding is usually considered to be an economic "problem" only when it leads to the non-production or under-production of a public good (and thus to Pareto inefficiency), or when it leads to the excessive use of a common property resource. The free rider problem is the question of how to limit free riding (or its negative effects) in these situations. The name "free rider" comes from a common textbook example: someone using public transportation without paying the fare. If too many people do this, the system will not have enough money to operate. In the context of labor unions, free rider means an employee who pays no union dues or agency shop fees, but nonetheless receives the same benefits of union representation as dues-payers. Under U.S. law, unions owe a duty of fair representation to all workers that they represent, regardless of whether they pay dues. Free riding has been a point of legal and political contention for decades.[1] Free riding is also a term used by brokerages when a client purchases shares beyond his or her means. Free riders are those who purchase shares and then do not pay for them.
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