Free Riders and Collective Action: An Appendix to Theories of Economic Regulation
Volume: Volume 5, No. 2
Issue: Autumn 1974
Pages: pp. 359-365
Authors: George J. Stigler
Title: Free Riders and Collective Action: An Appendix to Theories of Economic Regulation
Abstract: 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 substantial.
JEL Classification
Social Choice General (0250)
Market Structure: Industrial Organization and Corporate Strategy (6110)