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The free rider problem is restated more precisely as the cheap rider problem. It is argued that if one takes account of the frequent or typical asymmetry in the interests of different enterprises in an industry, the individual incentives of many enterprises to participate in joint ventures are...
Persistent link: https://www.econbiz.de/10005353639
The potential uses of public resources and powers to improve the economic status of economic groups (such as industries and occupations) are analyzed to provide a scheme of the demand for regulation. The characteristics of the political process which allow relatively small groups to obtain such...
Persistent link: https://www.econbiz.de/10005353654