[Question] Why aren’t assurance contracts widely used?

A pri­ori, dom­i­nant as­surance con­tracts seem like awe­some tools for solv­ing a fairly broad range of col­lec­tive ac­tion prob­lems. Why aren’t they used much? Or is it just that they are a new idea and we should ex­pect them to grow in promi­nence in the next few decades?

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