Free Rider Problems in Insurance-Based Private Defense

Libertarian writers including Hoppe, Hummel, and Murphy have attempted to deal with the presence of free riders in theoretical private defense constructs. As with the provision of most public goods, free riders are also a problem in the production of security. This paper proposes a solution toward the free rider problem and analyzes further problems previously unconsidered in the literature.

Volume 22, Number 1 (2011)