Cartwright, Edward (contributor); Conley, John (contributor) - 2005
local public goods economy
in which agents have two distinguishing characteristics. The first is ‘crowding
type,’ which is …’s (1956) central insight was that many types of public goods are
subject to crowding and congestion. As a result it would be … willingness to pay for public
goods. Thus, the preference revelation and free riding problem pointed out
by Samuelson (1954) for …