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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This note was uploaded on 09/26/2009 for the course ECON 366 taught by Professor Sengupta during the Fall '08 term at USC.

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