Privileged group
In economics, a privileged group is one possible condition for the production of public goods.
A privileged group contains at least one individual that benefits more from a public good than its production costs. Therefore, the good will be produced although other members of the group benefit without paying. However, this free rider problem may still result in an undersupply of the good compared to the Lindahl equilibrium.
Resources
- Olson, Mancur (1965). The Logic of Collective Action: Public Goods and the Theory of Groups (1st ed.). Harvard University Press. ISBN 0-674-53751-3.
gollark: Really? I think it was quite easy to imagine. You mostly just have to plot straight lines on logarithmically scaled plots.
gollark: Although I think most of the density on flash now comes from stacking and somewhat inadvisable stuff like QLC.
gollark: Yes, FEAR advanced lithography processes™.
gollark: I have not seen cards that cheap. I don't think I'd trust that.
gollark: The problem is that the durability of micro-SD cards is awful and they cost a lot per GB.
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