Economic Analysis of Social Issues 1st Edition by Alan Grant

تمرين 31

Everybody in a residential high-rise building owns his or her own condominium. One day, the elevator breaks. Discuss the collective action problem that fixing the elevator presents. In the real world, how do high-rise condo owners typically overcome that problem? Is that typical real-world solution fair to people who live on the first floor compared to people who live on the top floor?