Which of the following might help to solve a free-rider problem? Select all that apply: using the political process to institute taxes to cover the cost of a public good asking fewer individuals to bear more of the cost to produce a public good to make up for free riders appealing to free riders' sense of morality and responsibility employing social pressure to encourage individuals to contribute to community projects and fundraising efforts

Which of the following might help to solve a free-rider problem? Select all that apply: using the political process to institute taxes to cover the cost of a public good asking fewer individuals to bear more of the cost to produce a public good to make up for free riders appealing to free riders' sense of morality and responsibility employing social pressure to encourage individuals to contribute to community projects and fundraising efforts

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter11: Public Goods And Common Resources

Section: Chapter Questions

Problem 10PA

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Similar questions

Which of the following is an example of the free-rider problem? A People who do not buy pizza because they are allergic to cheese B People who overspend on a vacation C People who benefit from listening to public radio but never donate to keep it running D People who choose not to give to charitable causes because they do not agree with the organization’s goal
What is a practical way in which the free rider problem can be addressed by the private market? A Consumers agreeing to not overuse the good if it is available B The government implementing a tax in the market C The government verbally encouraging producers to make the product for the good of society D Private producers being able to charge a fee to use the good
The free-rider problem exists because some goods or services that are rival and leave some people without them. some goods or services are excludable and cause envy for those who don't have them. people must all consume the same public good and so everyone wants to pay for it. private goods or services cause some people to want to take them for free. people cannot be excluded from consuming public goods even if they don't pay for them.
The four categories present potential responses to environmental problems. Place each response in the category that best matches it. It is possible that a category may end up with more than one scenario or none at all. Command‑and‑control regulation (e.g., environmental standards) Marketable or tradable pollution permits (e.g., cap‑and‑trade) Pollution or emissions tax Well‑defined property rights The government requires that auto manufacturers limit pollution to a specified threshold. An auto manufacture is charged a fee per unit of pollution emitted into a river. Auto manufactures are allowed to pollute as much as they wish, provided that they have purchased a sufficient number of pollution vouchers. The government requires that auto manufacturers use new, cleaner technology in producing cars. A steel mill pays nearby homeowners to compensate them for the noise they must put up with as a result of the steel manufacturing process.
Explain the concepts given below by exemplifying them.a) Public Choice?b) Economic Efficiency?c) Pareto Optimality?d) Market Failure ?e) Government Failure?
Free rider problem: a. Please thoroughly and completely explain the free-rider problem. b. Please give two examples of the free-rider problem, and explain why they are good examples.
With the aid of diagrams (where relevant) discuss how each of the following “market mechanisms” work and will lead to reduced carbon emissions: a. Pigouvian Tax. b. Cap and trade system. c. Benchmark and credit system. What are the advantages and disadvantages of each? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
A lighthouse, or terrestrial television, are considered to be examples of public goods (or services) because: a) They are most often provided through a publicly funded service. b) The service is available to all, and use does not restrict the ability to other users to enjoy the service. c) Users can free ride, enjoying the service without making any payment for it. d) The service is considered to have value to the whole of society, and not just to its users.
Free-market environmentalism has the potential to improve environmental outcomes A. Because it forces individuals to cooperate with each other toward a common goal B. Because it relies on already existing markets to address environmental issues, thereby reducing transaction costs C. Because it recognizes the importance of aligning incentives of stakeholders D. Because it rejects the constraints of the Coase Theorem E. Because its goal is to maximize corporate wealth, which promotes environmentalism and improves environmental outcomes
Identify situations where free riding problem in consuming public good or common resource/good is demonstrated/displayed. Explain how it is a free-riding problem.
Just answer true or false 1. Mining has negative externalities 2. The social cost of putting up a dam is reduced if the government ensures that the communities adversely affected are relocated in another area with sustainable sources of livelihood 3. Fireworks display during Christmas sponsored by an agency has both positive and negative externalities. 4. When a public space has been enclosed for a concert and people can only get in by buying tickets, the public space is no longer a public good that is non-rival and non-exclusive.
A public good Question 1 options: is both rival and excludable. is any good provided by government. is any good provided by a company owned by a member of the public. can be consumed simultaneously by many people. can only be consumed by one person at a time.