Free Rider Problem
/ˈfriː ˈraɪdər ˈprɒbləm/
Definitions
- (n.) A situation in which individuals benefit from resources or services without paying for them, leading to under-provision or potential depletion of the resource.
The free rider problem often complicates the enforcement of public goods in legal frameworks.
Forms
- free rider problem
- free rider problems
Related terms
See also
Commentary
The free rider problem is a key concept in law and economics, especially in public law and regulatory policy, highlighting challenges in ensuring compliance and funding of collective benefits.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.