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About Public Goods
This document distinguishes between private and public goods. Private goods are rivalrous and excludable, while public goods are non-rivalrous and non-excludable. Public goods can be pure, with both characteristics, or impure, with only one. Efficient production of public goods occurs where the collective demand curve intersects the supply curve. However, free-riding can cause underprovision, and user fees can result in underconsumption. Publicly provided private goods may lead to overconsumption, so rationing methods are needed.
Detailed Information
| Author: | ['Ngoẹt Minh'] |
|---|---|
| Publication Year: | 2011 |
| Pages: | 3 |
| Language: | English |
| Format: | |
| Price: | FREE |
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