If we think of good governance as a public good created by well-informed voters,we can predict that it will be:

Question

Quizplus · Accepted Answer

Good governance is a public good that can benefit all members of society. However, because it is not excludable, there is a free-rider problem where individuals can benefit from the good without contributing to its provision. Additionally, there may be information asymmetry where voters lack the knowledge or resources to make informed decisions. These factors suggest that good governance is likely to be undersupplied in a market setting.

If We Think of Good Governance as a Public Good