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14min chapter
Alex Tabarrok - Prizes, Prices, and Public Goods
Dwarkesh Podcast
Innovating Public Goods Governance
This chapter explores dominant assurance contracts as a solution to the public good problem and highlights their effectiveness in encouraging contributions while mitigating free riding. It discusses the complexities of budget inflation in large infrastructure projects and proposes innovative governance mechanisms, including the use of blockchain technology. Additionally, the chapter introduces the concept of futarchy, advocating for prediction markets in policy decision-making to enhance democratic governance.
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