Dominant Assurance Contracts, created by Alex Tabarrok, involve an extra component-if a quorum is not formed, every contributor is not only released from the pledge, but is given a bonus.
Dominant Assurance Contracts, created by Alex Tabarrok, involve an extra component-an entrepreneur creates extra value for signors by paying them if a quorum is not formed. In that case, every contributor is not only released from the pledge, but is given a bonus.