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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.
Collective action problem. A collective action problem or social dilemma is a situation in which all individuals would be better off cooperating but fail to do so because of conflicting interests between individuals that discourage joint action. [ 1][ 2][ 3] The collective action problem has been addressed in political philosophy for centuries ...
Consumers can take advantage of public goods without contributing sufficiently to their creation. This is called the free rider problem, or occasionally, the "easy rider problem". If too many consumers decide to "free-ride", private costs exceed private benefits and the incentive to provide the good or service through the market disappears.
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 ...
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 ...
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 public goods game is a standard of experimental economics. In the basic game, subjects secretly choose how many of their private tokens to put into a public pot. The tokens in this pot are multiplied by a factor (greater than one and less than the number of players, N) and this "public good" payoff is evenly divided among players.