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Southwark asks residents to invest as little as £5 to help fund eco-projects such as cycle hangars and school upgrades
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Scooped by Graham Watson |
Scoop.it!
Graham Watson's insight:
Has it come to this? Southwark Council have resorted to trying to crowdfund cycle hangars and school upgrades.
Can you spot the obvious problem here? Well, cycle hangars and school upgrades are almost non-rivalrous and non-excludable, so the free rider problem looms large.
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