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Breaking Ground: Can Refund Bonuses Solve the Holdout Problem?

My latest paper (with Cason and Zubrickas) has just been published by the Journal of Urban Economics. We show that refund bonuses can indeed improve the holdout problem.

  • Refund bonuses can solve holdout problem, study shows
  • Researchers introduce contingent contract mechanism
  • Sales increase 35% with bonus, project success rate doubles

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