4 ms·

I consider it more of a modern-day system of patronage divided amongst many people (instead of a singular wealthy individual).

• jamesaguilar 14y ago
  It's basically one way of solving the Coasian problem.
  • heyitsnick 14y ago
    You mean one way of implementing the Coasian _solution_ to solving the _free rider_ problem?
    • jamesaguilar 14y ago
      Right. Btw, use * for italics on this site.