100 inhabitants of an urban district are worried about their security. 1. Is the surveillance service a...
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Question:
100 inhabitants of an urban district are worried about their security.
1. Is the surveillance service a public good for inhabitants? Why?
2. If one inhabitant decided to pay for the surveillance service on her own, how many guards would she hire?
3. If 50 inhabitants made an agreement in which all pay one share of the cost of surveillance, how many guards would they hire?
Related Book For
Industrial Organization Markets and Strategies
ISBN: 978-1107069978
2nd edition
Authors: Paul Belleflamme, Martin Peitz
Posted Date: