About: Assurance contract

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An assurance contract, also known as a provision point mechanism, or crowdaction, is a game-theoretic mechanism and a financial technology that facilitates the voluntary creation of public goods and club goods in the face of collective action problems such as the free rider problem.

Attributes	Values
rdf:type	organisation
rdfs:label	Assurance contract (en)
rdfs:comment	An assurance contract, also known as a provision point mechanism, or crowdaction, is a game-theoretic mechanism and a financial technology that facilitates the voluntary creation of public goods and club goods in the face of collective action problems such as the free rider problem. (en)
dcterms:subject	Libertarianism Structured finance
Wikipage page ID	2036279 (xsd:integer)
Wikipage revision ID	1088016501 (xsd:integer)
Link from a Wikipage to another Wikipage	Crowd funding Libertarianism Mechanism design Preorder economy Free State Project Free rider problem Game theory Contingency market Club good Alex Tabarrok Anarcho-capitalism Promise Public good (economics) Structured finance Kickstarter Collective action Financial engineering Dominance (game theory) Micropatronage Utility function Libertarians Threshold pledge system
sameAs	Assurance contract Assurance contract Assurance contract
dbp:wikiPageUsesTemplate	dbt:Citation_needed dbt:Refimprove dbt:Reflist dbt:Short_description dbt:Unclear
date	December 2014 (en)
reason	the connection to the free rider problem is not explained (en)
has abstract	An assurance contract, also known as a provision point mechanism, or crowdaction, is a game-theoretic mechanism and a financial technology that facilitates the voluntary creation of public goods and club goods in the face of collective action problems such as the free rider problem. The free rider problem is that there may be actions that would benefit a large group of people, but once the action is taken, there is no way to exclude those who did not pay for the action from the benefits. This leads to a game theoretic problem: all members of a group might be better off if an action were taken, and the members of the group contributed to the cost of the action, but many members of the group may make the perfectly rational decision to let others pay for it, then reap the benefits for free, possibly with the result that no action is taken. The result of this rational game play is lower utility for everyone. (en)
gold:hypernym	Mechanism
prov:wasDerivedFrom	wikipedia-en:Assurance_contract?oldid=1088016501&ns=0
page length (characters) of wiki page	5377 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Assurance_contract
is Link from a Wikipage to another Wikipage of	Preorder economy Free-rider problem Free State Project Crowdfunding Annual Review of Biophysics Distributed collaboration Alex Tabarrok Groupon Kickstarter Collective action Groupon MyCityDeal Dominant assurance contract Subscribe to Open Threshold pledge system Provision Point Mechanism Provision point mechanism Assurance contracts
is Wikipage redirect of	Dominant assurance contract Provision Point Mechanism Provision point mechanism Assurance contracts
is foaf:primaryTopic of	wikipedia-en:Assurance_contract

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