Related, not sure: maybe it’s OK if the funder retroactively gives something like cost ÷ ex-ante-P(success). What eliminates the surplus is if the funder retroactively gives ex-post-value.
Edit: no, this mechanism doesn’t work. See this comment.
Related, not sure: maybe it’s OK if the funder retroactively gives something like cost ÷ ex-ante-P(success). What eliminates the surplus is if the funder retroactively gives ex-post-value.
Edit: no, this mechanism doesn’t work. See this comment.