Retroactive Public Goods Funding

It’s hard to figure out which projects are valuable to people, but its pretty easy to see how valuable something is once it is built and being used. This is straightforward to capitalize on with consumption goods: simply invest in promising ideas, and sell your product. People pay for your product depending on how usefulContinue reading “Retroactive Public Goods Funding”

Wealth Fraction Dominant Assurance Contracts

Dominant Assurance Contracts (DAC’s) are a means of funding public goods between individuals without the need for government intervention. However, DAC’s make everyone pay the same amount into a public good. This is a problem because it means that DAC’s don’t account for strength of peoples preferences. For example, even if one person values aContinue reading “Wealth Fraction Dominant Assurance Contracts”

Global Public Goods

In economics, externalities and public goods get introduced as distinct concepts, but can also be useful to consider as a single concept. Public goods, public bads, positive externalities, and negative externalities all have similar characteristics. In the case of public goods and positive externalities, society is best off when spending money to fund public goodsContinue reading “Global Public Goods”

A Government-Backed, Public Goods Financing Mechanism

Providing public goods is an essential role of government. Today, we face many key issues which constitute global public goods problems. These include climate change, pollution, open source software, and existential risk, to name a few. However, here I will focus on a smaller problem: how does a government choose which local public goods toContinue reading “A Government-Backed, Public Goods Financing Mechanism”