Are public goods incentive compatible?

• incentive compatibility should be considered under a mechanism
  • public good under private property structure
• what kind of structures can make public goods incentive compatible?

Problem with small amount of people funding:

• they will be missing important things
• also power will be centralized in. deciding what matters

Retroactive public goods funding: instead of having public good funding mechanism fund public goods ahead of time, your fund them after they have been shown to have an impact

“entrepreneurial public goods”:

• al ot off the important private goods are not recognized as important until people realized their importance after the fact

With public goods, it is pretty similar. Funding for the future you will get conformist and middle of the road decisions. You will not get radical cool experiments

Can always combine proactive with retroactive

“project tokens”: a team that is working on a public good that is potentially getting aa retroactive funding could create a token and issue it to members, distributing the retoractive funding to the holders