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Private good units - PowerPoint PPT Presentation

Chapter Thirty-Five

Chapter Thirty-Five. Public Goods. 35: Public Goods 36: Asymmetric Information 17: Auctions 33: Law & Economics 34: Information Technology 31: Welfare. Public Goods -- Definition. A good is purely public if it is both nonexcludable and nonrival in consumption.

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Chapter Thirty-Six

Chapter Thirty-Six. Public Goods. Public Goods -- Definition. A good is purely public if it is both nonexcludable and nonrival in consumption. Nonexcludable -- all consumers can consume the good. Nonrival -- each consumer can consume all of the good. Public Goods -- Examples.

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Chapter 36 Public Goods

Chapter 36 Public Goods. Public Goods -- Definition. A good is purely public if it is both nonexcludable and nonrival in consumption. Nonexcludable -- all consumers can consume the good. Nonrival -- each consumer can consume all of the good. Public Goods -- Examples.

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Variable Public Good Quantities

Variable Public Good Quantities. E.g. how many broadcast TV programs, or how much land to include into a national park. Variable Public Good Quantities. E.g. how many broadcast TV programs, or how much land to include into a national park. c(G) is the production cost of G units of public good.

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'Private good units' diaporamas de présentation

Private good units - PowerPoint PPT Presentation

Chapter Thirty-Five

Chapter Thirty-Six

Chapter 36 Public Goods

Variable Public Good Quantities