How online platforms mitigate participatory free riding

Platforms reduce free riding by lowering contribution costs and increasing the rewards and visibility of participation

Shirky Principle

Why organizations quietly protect the problems that justify their budgets

Principal–Agent Problem

Delegation fails when incentives and information diverge

Moral Hazard

Moral hazard describes how people or institutions may take greater risks when they are insulated from the full consequences of those risks

Lucas Critique

Policy changes can break past statistical patterns

Gresham's Law

Equivalence rules often reward the lower standard

Cobra Effect

Reward Outcomes, Not Loopholes