Welfare Maximisation - Provisioning Public Projects (Manisha Padala)

(Aditi)

• Centralised crowdfunding
  • People want to fund several projects, which to actually go ahead with?
  • So they vote
  • Central something decides based on votes or bribes or smth
  • Of course, we have to let the dumbos and the non cooperators enjoy those projects as well.
  • Examples of actual people in the actual world having funded actual projects: Wooden pedestrian bridge in Rotterdam, One belt one road Chinese nonsense
• Decentralised crowdfunding
  • People come to some platform, pick what they feel like spending money on today, and voluntarily choose to do so
• “Assume agents are saints”