The Free‐Rider Problem: A Survey

John McMillan

The Economic Record, 1979, vol. 55, issue 2, 95-107

Abstract: A number of recent papers have developed a variety of ways of overcoming the free‐rider problem. This essay presents a survey and exposition of these contributions and suggests that the free‐rider problem is a statement of the incompleteness of the standard theory rather than a description of the world. Misallocation of resources is not inevitable in a public‐goods economy.

Date: 1979
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