9: Alex Tabarrok - Prizes, Prices, and Public Goods

<p>I ask Alex Tabarrok about the Grand Innovation Prize, the Baumol effect, and Dominant Assurance Contracts.</p> <p>Alex Tabarrok is a professor of economics at George Mason University and with Tyler Cowen a founder of the online education platform <a href="https://t.co/b1dCiXfrpQ?amp=1" rel=" noopener noreferrer" target="_blank" title="http://MRU.org">http://MRU.org</a>.</p> <p>Follow me on Twitter for my podcast and blog: <a href="https://www.youtube.com/redirect?v=i75KvXVrtLw&amp;event=video_description&amp;q=https%3A%2F%2Ftwitter.com%2Fdwarkesh_sp&amp;redir_token=QUFFLUhqbGVzLXdXQW5za0NxcTcyWkYzTnVkS3BrR0NjQXxBQ3Jtc0trQnE3aVIteWl5SUdUd0R2N05tWkJscWRLNEhpck1nYzFTS1VOUFJJb1lJMTBSYUJFYkFVMDRxSjRpWUluaEpYRExCTVRyMXZUcFJtRXNmeXp1di1HeVRQQ2VQNVZKOWFpbU1XVFd3cGNidTBmTDZKWQ%3D%3D" rel="nofollow" target="_blank">https://twitter.com/dwarkesh_sp</a></p> <p>Follow Alex Tabarrok: <a href="https://www.youtube.com/redirect?v=i75KvXVrtLw&amp;event=video_description&amp;q=https%3A%2F%2Ftwitter.com%2FATabarrok&amp;redir_token=QUFFLUhqa2FMLTAtLW9WdmZNWm93TkhlVFl0VmxXbm1FZ3xBQ3Jtc0trUmlORWlWOC0xanpTek5oNFJTeXdVaTZtcGJGVzEyaGwwZWJ4UHhReWFZUjZodjBRd090azcxck1scVdLRXgydXpaOGxWRmV3Rm5vWkJVRTcyWUZtenVLYU9ac2s3ZTJOMXdXWjgtODU3VXFDbXNvVQ%3D%3D" rel="nofollow" target="_blank">https://twitter.com/ATabarrok</a></p> <p>Alex Tabarrok's and Tyler Cowen's excellent blog: <a href="https://www.youtube.com/redirect?v=i75KvXVrtLw&amp;event=video_description&amp;q=https%3A%2F%2Fmarginalrevolution.com%2F&amp;redir_token=QUFFLUhqbDA2aEJGdXd3Y3dRZU9pR2lNM3FCQW42UXlIZ3xBQ3Jtc0tuSWFLcHhkVmxBNzQxNTQtczAzSmNLejlocVZISkRqS0otWFJCR0xpVGdDa2hEQks0eTdQa3BTeVNXLTNxMV9EMkpnZ3hSSmJpczhzYXRCbHpwbjN5UW4xamRJTzhURG10clFBRGpIcmZzSmlkTzA5NA%3D%3D" rel="nofollow" target="_blank">https://marginalrevolution.com/</a>&nbsp;</p> <p><a href="https://www.youtube.com/watch?v=i75KvXVrtLw&amp;t=0s">00:00</a> Intro&nbsp;</p> <p><a href="https://www.youtube.com/watch?v=i75KvXVrtLw&amp;t=34s">00:34</a> Grand Innovation Prize&nbsp;</p> <p><a href="https://www.youtube.com/watch?v=