Solving the Public Good Problem
Dwarkesh Patel and Alex Tabarrok discuss the concept of dominant assurance contracts and how they solve the public good problem. They explain how Kickstarter is a similar example and highlight the key twist that dominant assurance contracts add to ensure refunds if the threshold is not reached.In this clip
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Dwarkesh Podcast
Alex Tabarrok - Prizes, Prices, and Public Goods
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