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Free-rider problem. In economics, the free-rider problem is a type of market failure that occurs when those who benefit from resources, public goods and common pool resources do not pay for them [ 1] or under-pay. Examples of such goods are public roads or public libraries or other services or utilities of a communal nature.
In economics, a public good (also referred to as a social good or collective good) [1] is a good that is both non-excludable and non-rivalrous. Use by one person neither prevents access by other people, nor does it reduce availability to others. [1] Therefore, the good can be used simultaneously by more than one person. [2]
In economics, the literature around public goods dilemmas refers to the phenomenon as the free rider problem. The economic approach is broadly applicable and can refer to the free-riding that accompanies any sort of public good. [ 18 ]
Collective action theory. The collective action theory was first published by Mancur Olson in 1965. Olson argues that any group of individuals attempting to provide a public good has difficulty doing so efficiently. On the one hand individuals have incentives to "free-ride" on the efforts of others in certain groups and on the other hand the ...
A first-in-the-nation program increased ridership. RydeFreeRT was the first program of its kind in the nation to make free transit available to youth from transitional kindergartners to high ...
Sacramento students will ride free on Regional Transit for at least another year after the City Council approved a cost-sharing plan to keep the popular RydeFreeRT program in next year’s budget ...
The Logic of Collective Action: Public Goods and the Theory of Groups is a book by Mancur Olson Jr. published in 1965. It develops a theory of political science and economics of concentrated benefits versus diffuse costs. Its central argument is that concentrated minor interests will be overrepresented and diffuse majority interests trumped ...
Forced rider. A forced rider in economics is a person who is required, by public or private entities, to share in the costs of goods or services without desiring them or valuing them at their price.