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Variable public good quantities - 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-Five

Chapter Thirty-Five. 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 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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Variable public good quantities - PowerPoint PPT Presentation

Chapter Thirty-Five

Chapter Thirty-Five

Chapter Thirty-Six