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Absence of Free-Rider Problem in Naturally Occurring Public Goods
Naturally occurring public goods, such as historically abundant fish stocks, are not subject to the free-rider problem that affects public goods produced by humans. [2] Since these resources exist without requiring human creation or maintenance, there are no production costs that individuals must contribute to, thereby removing the incentive to free-ride on the financial contributions of others. [1, 2]
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Social Science
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CORE Econ
Economy
Economics
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.10 Market successes and failures: The societal effects of private decisions - The Economy 2.0 Microeconomics @ CORE Econ
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