The Continua of Excludability and Rivalry - Econlib
The Continua of Excludability and Rivalry - Econlib
The classic definition of a “public good” is that it is both “non-excludable” and “non-rival.” Textbooks normally treat these traits as binary, delivering this 2 x 2 typology: Yet in the real world, both excludability and rivalry lie on a continuum. Almost nothing is 0% excludable. If you spend enough effort, you can prevent non-payers […]
Social Contract, Free Ride: A Study of the Public Goods Problem
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Social Contract, Free Ride: A Study of the Public Goods Problem
Universal Economics Online Library of Liberty
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Universal Economics Online Library of Liberty
The Continua of Excludability and Rivalry - Econlib
