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International Relations 101 (#60): Collective Action Problems

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Published on Feb 17, 2013

http://gametheory101.com/courses/inte...

Public goods often provide enormous benefits at small costs to their providers. However, because public goods are non-rival and non-excludable, those benefits are divided among a large group of individuals. This encourages free riding--why pay the cost when you can gain from everyone else's production?

But this leads to the collective action problem: no one ultimately produces the good, as everyone relies on someone else to do the dirty work.

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