Dominant Assurance Contract: Difference between revisions
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= strategy that could be used by [[Crowdfunding]] initiatives such as Fundable. | = strategy that could be used by [[Crowdfunding]] initiatives such as Fundable. | ||
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Commentary by Mike Linksvayer, at | Commentary by Mike Linksvayer, at | ||
http://gondwanaland.com/mlog/2005/05/13/public-goods-group-shopping/ | |||
# http://gondwanaland.com/mlog/2005/05/13/public-goods-group-shopping/ | |||
# http://gondwanaland.com/mlog/2005/06/02/sitaker-dominant-assurance-contracts/ | |||
[[Category:Business]] | [[Category:Business]] | ||
Revision as of 17:04, 30 October 2007
= 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