Collective Action Problems
A very common class of problems where conflicting interests between individuals make cooperation difficult. Markets can be very good solutions to collective action problems, but they can also fail to solve the problems when values other than property (such as justice or equality) are not represented and in cases of The Commons. Libertarians seldom recognize solutions to these problems other than markets.
- Collective action problem (Wikipedia) [More...]
- "A collective action problem or social dilemma is a situation in which all individuals would be better off cooperating but fail to do so because of conflicting interests between individuals that discourage joint action."
- Public Goods And Club Goods (17 links)
- Libertarians often refuse to recognize public goods and club goods, or that governments have a role in their provision. The list of important goods with substantial public or club goods components is very long, and includes education, law, safety, health, transportation, research and much more. (Club goods are like public goods but excludable and only rivalrous with congestion.) Markets underproduce these because of the free rider problem.
- The Logic of Collective Action: Public Goods and the Theory of Groups, Second printing with new preface and appendix (book)
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