How to Solve the Tragedy of the Commons: Social Entrepreneur and Global Public Goods

Abstract

"By taking into consideration the indispensability of network formation and of entrepreneur's organizing work in advance of provision stage, we examine the efficacy of financing a global public good on a local scale by means of a 'selective incentive-cum-global public good' scheme. It is derived that when a network of star type must be formed by entrepreneur's initiative, an organizational form of not-for-profit, run by social entrepreneur, is more reconcilable with the social objective of providing the global public good than that of for-profit run by business entrepreneur."