# Tag Info

3

"Free Riders" is the term you're looking for. The classic examples are all something to do with roads: Say three out of four neighbors on a street pay to have their road plowed. The fourth doesn't and still benefits. We would call him a free rider. That this happens at all is very offensive to some people, but whether and to what extent it's worth ...

-1

Maybe the term Beneficiaries. Quite simple, very logical (if not trivial) and is used in economic literature (especially in terms of international development). Another possible, although less common, term is recipients. Note: In current approaches to international development, these terms are now out-of-date and participants is almost always preferred. It ...

40

I think the economic term is free-riders.

6

Let $X$ be the convex set of alternatives, let $\succeq$ be a preference relation and let $u(.)$ be a utility function that reflects these preferences, which means that $u(x) \ge u(y)$ if and only if $x \succeq y$. The preference relation $\succeq$ is convex if For all $y$, $x$ and $z$ in $X$, if $x \succeq y$ and $z \succeq y$ then for all $\alpha \in [0,1]... 2 It makes almost no economic sense for them to do this. A few things: Opportunity cost. As great and fun as these old games are, Nintendo wouldn't be able to charge very much for them relative to the price of a new product like a Switch. The reason you see higher prices for old consoles/games now is because of their scarcity. Re-producing them would ... 5 It is basically a restatement of the first order condition - at an extrema (maxima or minima) of a well-behaved function its first derivative is equal to zero. If you are at the point of maximization, any deviation should either be of no benefit to you or violate some constraints. By continuity, it means that, unless you are constrained, at the optimal point ... 5 Voting is not cost free action even in absence of external obstacles. At the minimum you have to spend some time to walk to the poll. Suppose, voting takes 30 min of your time rational person might have following set of preferences: Watching episode of friends$\succ$voting for candidate A$\succ\$ voting for candidate B. To be crystal clear, I am not saying ...

Top 50 recent answers are included