An example of a descriptive essay of a person

One of the purest Coasian solutions today is the new phenomenon of Internet crowdfunding . Here rules are enforced by computer algorithms and legal contracts as well as social pressure. For example, on the Kickstarter site, each funder authorizes a credit card purchase to buy a new product or receive other promised benefits, but no money changes hands until the funding goal is met. [28] Because automation and the Internet so reduce the transaction costs for pooling resources, project goals of only a few hundred dollars are frequently crowdfunded, far below the costs of soliciting traditional investors. Other crowdfunded projects have raised over a million dollars, like the Arkyd-100 space satellite telescope funded on Kickstarter in June 2013. [29] It would seem to be a clear instance of a Coase solution when a public good that always required government sponsorship in the 20th century can be efficiently organized from 18,000 individuals' self-interest (including rewards such as an orbital "selfie", and five minutes of observation time donated in their name to find potential killer asteroids).

An example of a descriptive essay of a person

an example of a descriptive essay of a person

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