Voluntary investing in public works with or without assurance contracts
Without assurance contracts: https://en.wikipedia.org/wiki/Assurance_contract
With assurance contracts:
With Dominant Assurance Contracts : https://en.wikipedia.org/wiki/Assurance_contract#Dominant_assurance_contracts
*Note that you can mimic dominant assurance contracts even without a risktaking entrepreneur by offering benefits for pledges, such as good publicity for partaking in an assurance contract.
2 comments
Followup post: https://read.cash/@im_uname/a-stronger-case-for-voluntary-investing-in-public-works-6d7f4314
This is what we need. Fixing the incentives for charity. Thanks for doing research on this.