section5_brian - 1 Section Notes Week 5 Outline Key...

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1 Section Notes Week 5 Outline Key Concepts Overview Congestion Public / Club Goods Input use efficiency Club Goods with Congestion Technology adoption Conservation Tech. Adoption Induced innovation Overview of last week and a half Nature of good: excludable non-excludable rivalrous Private Goods Common Goods nonrivalrous Club Goods Public Goods Key feature of nonrivalrous goods: vertical (rather than horizontal) summation of demand. Key issue with public goods is how to finance them: taxes (income, property, sales), donations, or by using sales on private good element (selling naming rights, membership benefits, tax coverage, “feel-good” benefit, etc.) to subsidize the public good. Club Goods (AKA “excludable public goods”) can be provided by private entities. Examples of club goods include resorts, concerts, highways, etc. The club owner has three choices: Determining the quantity of good/service provided (Q) Determining the size of the club (N - the number of users) and type of users to admit
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This note was uploaded on 09/24/2011 for the course ECON C125 taught by Professor Zelberman during the Spring '09 term at University of California, Berkeley.

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section5_brian - 1 Section Notes Week 5 Outline Key...

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