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'If I had a hedge fund, I would cure diabetes': endogenous mechanisms for creating public goods

We consider the problem of organizing capital to produce public goods with broad societal value. We review why market corrections via government subsidies or philanthropic initiatives are inadequate, in addition to considering the paradox of patents. Our proposed mechanism (an Ever-growing Prize and...

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Detalles Bibliográficos
Autores principales: Liechty, John, Wuyts, Stefan
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer International Publishing 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8419655/
https://www.ncbi.nlm.nih.gov/pubmed/34778817
http://dx.doi.org/10.1007/s43546-021-00115-z