Econ 366 Notes (11.26.2008)

Econ 366 Notes (11.26.2008) - Non-rivalrous, but excludable...

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Non-Rivalry – consumption of one is not negatively related to others (examples: national Excludability – Rivalrous and excludable = private goods Rivalrous, but non-excludable = common property resources
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Unformatted text preview: Non-rivalrous, but excludable = local public goods congestion club goods Non-rivalrous and non-excludable = public goods Correction on PowerPoint slide: However while they are non rival, they are excludable (costly to exclude)...
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