Firework free-rider

The son of an Indian billionaire held a wedding celebration near to my living quarters last weekend - the marquee itself must have cost upwards of £100,000 to hire - they are still dismantling it nearly a week on from the event. It was clearly a very exclusive event judging from the security in force on the night itself. But a very expensive fireworks display to round off the evening offered a classic example of a free-rider. For some the pyrotechnics were great fun, for others, unaware of the event and with animals disturbed by the size and scope of the display, there was little they could do to reject the effects and no way that appropriate compensation could be paid.

Unit 1 Micro: Differences between Merit and Public Goods [12 May 2012]
Unit 1 Micro: Public Goods [11 Feb 2012]
Unit 1 Micro: Revision MC Questions on Public and Private Goods [9 Jan 2012]
Keeping it local [24 Nov 2011]
Unit 1 Micro: Coast Guard Protection and Moral Hazard [29 Sep 2011]
Private vs Public goods - amazing pictures of flood defenses! [23 May 2011]
AS Micro Revision: Public and Private Goods [21 Apr 2011]
Brisbane before and after the floods [24 Jan 2011]
Trees as private and public goods [3 Jan 2011]
Switching Off Street Lighting [10 Nov 2010]
Economics at the Movies - Wedding Crashers and Free Riders [29 Oct 2010]
Would you like a personalised pothole? [11 Mar 2010]
The mirage of public goods? [7 Mar 2010]
Revision Presentation - Public Goods [23 Feb 2010]
The end of an era for a public good - and economics textbooks? [29 Jan 2010]

ECONOMICS TEACHER RESOURCE NEWSLETTER

Join over 6,000 other Economics Teachers in the UK and around the world who receive the tutor2u regular Economics Resource Email Newsletter. Get special offers, first news of latest resources, teaching ideas, conferences and workshops + loads of great ideas for teaching economics from our blog authors.