Free Riders, Blessing or Curse?
Posted in Market Failures, You Can't Have it Both Ways on May 6th, 2011
It is often claimed that “markets fail” because of free-riding. In other words, since creators and entrepreneurs are sometimes unable to “capture” the full-value of what they are creating, they will not be doing enough creating from society’s standpoint. If we were able to have “free-riders” compensate entrepreneurs for all of the great things they […]
