Collective action problems: Difference between revisions

The term ‘'''collective action problem’''' describes the situation in which multiple individuals would all benefit from a certain action, but has an associated cost making it implausible that any individual can or will undertake and solve it alone. The ideal solution is then to undertake this as a collective action, the cost of which is shared. An allegorical metaphor often used to describe the problem is ‘belling the cat’. -Wikipedia, ‘[https://en.wikipedia.org/wiki/Collective_action#Collective_action_problem Collective action].’