This paper introduces a computational model of online collaborative learning system and investigates how the heterogeneity of opportunity cost among users initiates a vicious cycle of accumulation of unnecessary duplicate postings and eventually the system shuts down. Further examination explores how deterring newcomers improves collaborative learning system efficiency by reducing unnecessary d...

This paper studies the criteria with which the presence or absence of ‘subsidy’ in sales contingent Launch Aid R&D support may be determined when payoff-relevant market incompleteness limits the precision of market-based pricing to non-trivial intervals. Existing criteria correctly account for the opportunity cost of capital when markets are complete and frictionless, but fail when the interval...