Revenue raising auction processes for public goods

A computer system and method of raising revenue for a public good comprising the steps of:

• providing a computer system for implementing a revenue raising auction process for public goods;
• a database for receiving and storing data;
• said database having data processing systems and a microprocessor by which a firm provides said revenue raising auction;
• a broker/auctioneer entering into a conditional contract with an entity capable of supplying at least one unit of said public good;
• said broker/auctioneer identifying and establishing an electronic data base of a defined population which would benefit from said public good;
• said broker/auctioneer using a local area network or the internet to solicit from members of said defined population bids for contributing funds to be used to fulfill obligations under said contract;
• said broker/auctioneer using said local area network, internet and other media to publish auction rules for establishing individualized prices to be charged to members of said defined population;
• finalizing said conditional contract when sufficient funds are acquired to pay for completion for said at least one unit of the common public good;
• said broker/auctioneer using said microprocessor in determining, under published auction rules, individualized prices charged to members of said defined population who bid on at least one unit of said public good;
• said entity proceeding to use said microprocessor to account for and to collect revenues through said individualized prices and to carry out provisions of said contract with respect to said public good, all members of said defined population benefiting from said public good including those members who did not contribute anything toward said public good.

A computer system and a method of selling multiple units of one or more public goods to a community of beneficiaries comprising:

• providing a computer system for implementing a revenue raising auction process for public goods including at least one of environmentally related goods, cultural goods, or public, non-environmental, non-cultural goods that benefit numerous people simultaneously;
• a database for receiving and storing data;
• said computer having a microprocessor and a database having data processing systems by which a broker/auctioneer provides said revenue raising auction,
• said microprocessor determining individualized prices of said auction process that enable raising of revenues to cover costs of provision of selected units of public good, including normal return to business;
• said individualized prices being part of a pricing framework analogous to a Lindahl pricing framework,
• said process reducing free-riding behavior of beneficiaries of the selected units of public good by altering incentives for marginal bids, thereby said auction process reducing incentives of said beneficiaries of the public good to free ride at the margin and thereby encouraging higher bids that approach the individual bidder's full value;
• said auction process further comprising a practical method to elicit higher bids from participant bidders of said beneficiaries of a public good;
• said auction process establishing a contract right to deliver a public good to a community of participant bidders of said community of beneficiaries,
• wherein said broker/auctioneer uses said microprocessor of said computer system to establish an ability to control delivery of the public good to said participant bidders of said community of beneficiaries;
• said auction process further comprising a platform enhancing the delivery and increasing the quantity of the public goods provided through at least one of
• a) private, non-profit, non-governmental action,
• b) private, for profit, non-governmental action,
• c) private non-profit action in conjunction with government action,
• d) private for profit action in conjunction with government action, or,
• e) combinations thereof.