Public Goods and the Free-Rider Problem
{"Image DocumentName": "Public Goods and the Free-Rider Problem", "Image ImageDescription": "Two Types of Political Equilibrium. The two types of political equilibrium\u2014efficient provision and inefficient overprovision of public goods correspond to two theories of government: Social interest theory predicts that political equilibrium achieves efficiency because well-informed voters refuse to support inefficient policies. Public choice theory predicts that government delivers an inefficient allocation of resources\u2014that government failure parallels market failure.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}