Professional Documents
Culture Documents
Non Rivalrous WPS Office
Non Rivalrous WPS Office
Non Rivalrous WPS Office
consumption. This means the same amounts left for the remaining consumers.
Non-excludability: it is difficult and expensive to exclude someone (non-payers) from consuming the
good.
Goods that fulfil both these properties are called “pure public goods”.
Examples Clean air, radio, national defense, fire service and street lights.
At the other extreme, pure private goods which are rivalrous in consumption and excludable.
A good can satisfy only one part of public good definition is called impure public goods.
good can satisfy partial definition of public good is called impure public goods.
Common-pool resource:
Club goods: are the goods that are excludable but they are non-rivalrous.