How would a “round” or Kickstarter structure help with the coordination problem? People would still jockey to be late enough that the fundraiser got filled without them.
If people want it to be fair, so that they only give funds when others will, then a Kickstarter or a funding round allows them to only participate if lots of other people will, and gives an assurance that they will only have to provide <x% of the required funds, and this all encourages cooperation and participation. In particular, for people who are procrastinating donating, it gives a good Schelling point for everyone to do so. I think that most people are waiting to know that it’s an unusually good time to donate, rather than strategically trying to shirk responsibility.
How would a “round” or Kickstarter structure help with the coordination problem? People would still jockey to be late enough that the fundraiser got filled without them.
If people want it to be fair, so that they only give funds when others will, then a Kickstarter or a funding round allows them to only participate if lots of other people will, and gives an assurance that they will only have to provide <x% of the required funds, and this all encourages cooperation and participation. In particular, for people who are procrastinating donating, it gives a good Schelling point for everyone to do so. I think that most people are waiting to know that it’s an unusually good time to donate, rather than strategically trying to shirk responsibility.