The private provision of public goods via dominant assurance contracts
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The private provision of public goods via dominant assurance contracts Published: September 1998 Volume 96 , pages 345–362 ( 1998 ) Cite this article Save article View saved research Public Choice Aims and scope Submit manuscript Abstract Many types of public goods can be produced privately by profit seeking entrepreneurs using a modified form of assurance contract, called a dominant assurance contract. I model the dominant assurance contract as a game and show that the pure strategy equilibrium has agents contributing to the public good as a dominant strategy. The game is also modelled under
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