Tag Archives: Wall Street performer protocol

Betting against public goods that you want

In my first article about funding public goods, I mentioned in passing the Wall Street performer protocol, which involves bonds that pay out when a certain public good is provided. In this article, instead of talking about them as bonds, I’m going to think of them as bets — bets on whether the public good will be provided.

But the curious thing is this: people who want to help fund the public good do so by betting that the good won’t be provided. How does that work? Continue reading Betting against public goods that you want