What is Public Good Economics
In economics, a public good is a good that is both non-excludable and non-rivalrous. Use by one person neither prevents access by other people, nor does it reduce availability to others. Therefore, the good can be used simultaneously by more than one person. This is in contrast to a common good, such as wild fish stocks in the ocean, which is non-excludable but rivalrous to a certain degree. If too many fish were harvested, the stocks would deplete, limiting the access of fish for others. A public good must be valuable to more than one user, otherwise, its simultaneous availability to more than one person would be economically irrelevant.
How you will benefit
(I) Insights, and validations about the following topics:
Chapter 1: Public good (economics)
Chapter 2: Environmental economics
Chapter 3: Free-rider problem
Chapter 4: Externality
Chapter 5: Goods
Chapter 6: Rivalry (economics)
Chapter 7: Erik Lindahl
Chapter 8: Private good
Chapter 9: Club good
Chapter 10: Global public good
Chapter 11: Public goods game
Chapter 12: Samuelson condition
Chapter 13: Excludability
Chapter 14: Lindahl tax
Chapter 15: The Logic of Collective Action
Chapter 16: Common good (economics)
Chapter 17: Property rights (economics)
Chapter 18: Public economics
Chapter 19: Theories of taxation
Chapter 20: Preference revelation
Chapter 21: Benefit principle
(II) Answering the public top questions about public good economics.
(III) Real world examples for the usage of public good economics in many fields.
Who this book is for
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Public Good Economics.
