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FORUM DESCRIPTION Please answer one of the following questions: Q#1. All of us on some level are familiar with the concept of free riding. In this discussion, give an example free riding that you have

FORUM DESCRIPTION Please answer one of the following questions: All of us on some level are familiar with the concept of free riding.

FORUM DESCRIPTION
Please answer one of the following questions:

Q#1. All of us on some level are familiar with the concept of free riding. In this discussion, give an example free riding that you have experienced. This can be an observation of other free-riders or a case where you have been a free-rider of public goods. Provide a solution to solve your free-rider problem, whether or not it had been implemented.

Hint: I enjoy listening to the Diane Rehm show on NPR as I drive to campus in the morning. I do not, however, contribute to public radio and, once the program is airing, NPR has no way of charging me for listening to the show. I clearly benefit from all those individuals who actually donate to the radio station (a heartfelt thank you to them!). The Stanford Encyclopedia of Philosophy has a very nice article on the Free Rider problem I recommend.

Q#2. Public goods in general can vary in the extent of rivalyness and excludability. Let’s think about a situation that happens a lot in school. Suppose three students get together and decide to work on a paper for a class. They break up the project into three parts and each works alone until they meet the day before the project is due (never a good idea!).

Analyze the quality of the final paper from a public goods’ perspective. Do you think the optimal amount of the good be produced? Explain.

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