I liked your first post and I like this second one. I hope your events succeed
Just to clarify:
Is anyone invited to the weekly dinners (thus you are providing a public good)?
Or, are the dinners limited to the contributors (thus it is a club good)?
From reading pu1377.dvi (gmu.edu), I believe that dominant assurance contracts work better for club goods
At least in the sense of “you receiving as much money as possible” or “the contract being more likely to succeed”, but obviously you may put value on welcoming everyone, and, in general, those two alternative dinners won’t be the same.
I liked your first post and I like this second one. I hope your events succeed
Just to clarify:
Is anyone invited to the weekly dinners (thus you are providing a public good)?
Or, are the dinners limited to the contributors (thus it is a club good)?
From reading pu1377.dvi (gmu.edu), I believe that dominant assurance contracts work better for club goods
At least in the sense of “you receiving as much money as possible” or “the contract being more likely to succeed”, but obviously you may put value on welcoming everyone, and, in general, those two alternative dinners won’t be the same.
It’ll be a public good