The free-rider problem arises because______. A. private goods are not correctly priced in the market place B. it is possible for an individual to consume public goods without him paying for them C. the cost of
In a moral hazard problem caused purely by joint production and not by uncertainty, we examine the problem faced by a principal who actively participates in production along with a group of agents. We show that, when designing the optimal output sharing rule, the principal need not look for ...
When a free-rider problem exists, A. the market will devote too few resources to the production of the good B. the cost of the good will always be more than the benefit of the good. C. the good will not be produced. D. entrepreneurs will eventually find a way to make free-riders ...
J. McMillan (1979) "The Free Rider Problem: a survey" Economic Record 55.McMillan, J. (1979): The Free-Rider Problem - A Survey. In: The Economic Record 55 (2).The free rider problem: A survey. McMillan,J. The Economic Record . 1979...
Free riding is only a problem when it leads to the non-production or under-production of a public good. It's a difficult situation because, these days, customers expect to pay less but get more - especially in electronics, music, and tech industries. ...
The free-rider problem ( ) A. forces supply of a public good to exceed demand. B. allows more people to pay for the public good than if it were a private good. C. encourages overuse of a good that is freely available. D. holds the E. quilibrium quantity of a public good below ...
Free-rider problem:The free-rider problem is when people can enjoy the benefit of a good without paying for it. In other words, they ride for free on the backs of other people.Answer and Explanation: The free rider problem is a concern for public goods. Public goods are...
The free-rider problem occurs because A. people who pay for information use it freely. B. people who do not pay for information use it. C. information can never be sold at any price. 相关知识点: 试题来源: 解析 B.people who do not pay for information use it....
Answer true or false: A free-rider problem arises when individuals presume that others will pay for public goods so that, individually, they can escape from paying for their portion without reducing the production of the public good. True or false? A big prob...
The Internet may be shedding a free-rider problem. If the hypothesis holds I believe that overall, this is a good thing. † ‡Yeah, but the witch didn’t prophesy the Web. (Copyright King Features Syndicate, Inc., distr. Bulls.) * I generally wonder if this always free access and...