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Ep. 39: Alex Tabarrok on the Dance between Centralization and Decentralization in City Governance, Baumol Effect vs. Regulation in Increasing Price Levels and Economic Insights for Entrepreneurs

Stranded Technologies Podcast

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The Dominant Assurance Contract

Robert Conquest: Over time any organization tends to become more left wing. So there's lots of experiments in trying to create methods to produce public goods. One of my earlier earliest papers was creating these dominant assurance contracts. And the idea is very, very simple. It's that if the contract fails, so if we don't reach the threshold, then every person who agreed to donate,. not only are they given their money back but they're given back a refund bonus.

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