New solution concept ensures fair public goods provision in economies
The article discusses how people decide to contribute to public goods. They introduce a new concept called the free-riding-proof core, which helps determine who contributes, how much, and how costs are shared. This concept is always present in public goods economies but may not always lead to the best outcome. The free-riding-proof core combines ideas from cooperative and noncooperative games. The level of public goods provided can decrease as the economy grows.