Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
that this model can be solved rather simply by saying that each departing couple has to pay (or receive) compensation at a pre-agreed rate - likely equal to the price of a standard baby-sitting session per token in deficit (surplus) it has when it leaves.

That gives a stable value to the tokens and allows people to worry less about being below 20 temporarily (and even lets them choose on occasion to pay rather than use a token, or vice versa).

What am I missing?

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Tue Nov 17th, 2009 at 02:05:48 PM EST
The problem in the example is not departing couples but couples remaining in the system but hoarding their coupons.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Tue Nov 17th, 2009 at 02:14:12 PM EST
[ Parent ]
But I understand they were hoarding so as to have at hand the 20 coupons they'd need to give back if they wanted to exit the system.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Tue Nov 17th, 2009 at 04:17:59 PM EST
[ Parent ]
perhaps, in case they should want to go out several times in a row

If you expect to be out four hours but its five, that's ten coupons. So two times in a row could clean out 20 coupons.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Tue Nov 17th, 2009 at 04:21:50 PM EST
[ Parent ]

Display:

Top Diaries

Occasional Series