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ams.org

Advancing research. Creating connections.

arxiv.org

A system of non-tradable credits that flow between individuals like karma, hence proposed under that name, is a mechanism for repeated resource allocation that comes with attractive efficiency and fairness properties, in theory. In this study, we test karma in an online experiment in which human subjects repeatedly compete for a resource with time-varying and stochastic individual preferences or urgency to acquire the resource. We confirm that karma has significant and sustained welfare benefits even in a population with no prior training. We identify mechanism usage in contexts with sporadic high urgency, more so than with frequent moderate urgency, and implemented as a simple (binary) karma bidding scheme as particularly effective for welfare improvements: relatively larger aggregate efficiency gains are realized that are (almost) Pareto superior. These findings provide guidance for further testing and for future implementation plans of such mechanisms in the real world.

citeulike.org

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aip.org

In early 2026 the Department of Labor is expected to post a notice of proposed rulemaking to revise upward the pay employers must offer to foreign workers who would have an H-1B visa or an employment-based green card. A prior rulemaking attempt offers clues as to how pay might be affected for…

doaj.org

A peer-reviewed, open access journal in soil health, sustainable development, soil science, ecosystem services & biogeochemical cycles.