Designing Refund Bonus Schemes for Provision Point Mechanism in Civic Crowdfunding

TL;DR. Civic crowdfunding, the process of raising voluntary contributions from interested agents for public projects, such as public parks, libraries, etc., has grown in popularity in recent decades. As these projects are non-excludable, strategic agents often free-ride, i.e., choose not to contribute. To address this, researchers have used incentive engineering to construct mechanisms that incentivize strategic agents to contribute. This incentive is in … Continue reading Designing Refund Bonus Schemes for Provision Point Mechanism in Civic Crowdfunding