Search results with tag "Public good"
Lecture 8: Public Goods - Harvard University
scholar.harvard.eduFree rider problem: When an investment has a personal cost but a common benefit, individuals will underinvest. Because of the free rider problem, the private market undersupplies public goods Another way to see it: private provision of a public good creates a positive externality (as everybody else benefits) ⇒Goods with positive externalities
Public Goods Examples - University of Arizona
www.u.arizona.eduPublic Goods: Examples The classical definition of a public good is one that is non‐excludable and non‐rivalrous. The classic example of a public good is a lighthouse. A lighthouse is: Non‐excludable because it’s not possible to exclude some ships from enjoying the benefits of
Public Goods - Yale School of the Environment
environment.yale.edu† Matthew Kotchen is associate professor of environmental economics and policy at Yale University and a faculty research fellow of the National Bureau of Economic Research (NBER). 2