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Alex Tabarrok - Prizes, Prices, and Public Goods
Dwarkesh Podcast
Dominant Insurance Contracts Solve the Public Good Problem
In the next century, if research productivity declines every 13 years, you plateau at like 40% increase or something like that. If it doesn't, in the next Century, you could get like 600% growth, otherwise. So there's a small possibility of a very big gain if we get lucky. But the trend is not good. Yeah. Oh, so let me ask now about dominant assurance contracts. Do you want to explain what that is? Sure. This is maybe is my most important paper, but it's kind of overlooked. Except recently, it's grown a little bit, but this solves the public good problem. People say, "Oh, I'm going to sit back
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