Spinoza, Leibniz, Kant, and Weyl
Michael H. Freedman

TL;DR
This paper introduces Quadratic Finance, demonstrating through mathematical modeling that it maximizes social utility and is the unique optimal funding mechanism within a simple linear framework.
Contribution
It provides a formal mathematical analysis showing that Quadratic Finance uniquely maximizes social utility in a linear model.
Findings
QF maximizes social utility in the model
QF is the unique optimal solution
Mathematical differentiation confirms optimality
Abstract
The paper describes a funding mechanism called Quadratic Finance (QF) and deploys a bit of calculus to show that within a very clean and simple linear model QF maximizes social utility. They differentiate the social utility function. The mathematical content of this note is that by taking one further derivative, one may also deduce that QF is the unique solution.
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Taxonomy
TopicsEconomic Theory and Institutions · Economic theories and models
