Dominant Assurance Contract: Difference between revisions
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Latest revision as of 05:52, 16 June 2010
= strategy that could be used by Crowdfunding initiatives such as Fundable.
Description
"In a dominant assurance contract if the group goal is not met then everyone who offered to contribute is given their money back plus a bonus. It turns out that it then becomes a dominant strategy to contribute and the public good is always provided!"
More Information
Essay at http://mason.gmu.edu/~atabarro/PrivateProvision.pdf
Commentary by Mike Linksvayer, at