ELIZABETH C SMITH
Dietitian and Nutritionist at Long Wharf, Middletown, RI
License number
Rhode Island FMC23790
Issued Date
Aug 13, 2015
Expiration Date
Aug 13, 2018
Category
Food Safety
Type
Certified Food Safety Mgr
Address
Address
49 Long Wharf NORTH, Middletown, RI 02840
Phone
(401) 324-6800 (Work)
Professional information
Revenue Raising Auction Processes For Public Goods
US Patent:
8429023, Apr 23, 2013
Filed:
Dec 8, 2009
Appl. No.:
12/653125
Inventors:
Stephen K. Swallow - West Kingston RI, US
Christopher M. Anderson - East Greenwich RI, US
Elizabeth C. Smith - Newport RI, US
Christopher M. Anderson - East Greenwich RI, US
Elizabeth C. Smith - Newport RI, US
International Classification:
G06Q 30/00
US Classification:
705 263, 705 2625
Abstract:
A computer system for a pricing and auction process allows private enterprise firms to establish an individual price for each consumer paying in to support delivery of the same units of a public good. The process solicits bids from individuals who value a public good, while reducing each individual's incentives to free ride, thereby increasing their incentives to bid or offer a payment that approaches their full value for each, successive unit of the good. Examples include farmers selling the services of land for wildlife habitat, farmers altering production processes to reduce pesticides and nutrients and increase local water quality, particularly during transition from technologically intensive farming to organic farming, or businesses established to help neighborhoods and communities become carbon neutral in a global economy. The process benefits profit or non-profit organizations supporting conservation such as wetland and salt marsh restoration or restoration of endangered species habitat.