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Wild fish are an example of common goods. They are non-excludable, as it is impossible to prevent people from catching fish. They are, however, rivalrous, as the same fish cannot be caught more than once. Common goods (also called common-pool resources [1]) are defined in economics as goods that are rivalrous and non-excludable. Thus, they ...
In contemporary economic theory, a common good is any good which is rivalrous yet non-excludable, while the common good, by contrast, arises in the subfield of welfare economics and refers to the outcome of a social welfare function. Such a social welfare function, in turn, would be rooted in a moral theory of the good (such as utilitarianism).
In M. Lynne Markus' essay in Communication Research entitled "Toward a 'Critical Mass' Theory of Interactive Media", [22] several propositions are made that attempt to predict under what circumstances interactive media is most likely to achieve critical mass and reach universal access—a "common good", using Oliver et al.'s terminology. One ...
Paul A. Samuelson is usually credited as the economist who articulated the modern theory of public goods in a mathematical formalism, building on earlier work of Wicksell and Lindahl. In his classic 1954 paper The Pure Theory of Public Expenditure, [9] he defined a public good, or as he called it in the paper a "collective consumption good", as ...
Social theories are analytical frameworks, or paradigms, that are used to study and interpret social phenomena. [1] A tool used by social scientists, social theories relate to historical debates over the validity and reliability of different methodologies (e.g. positivism and antipositivism), the primacy of either structure or agency, as well as the relationship between contingency and necessity.
Anonymised data are crucial for useful social research and represent therefore a public resource – better said, a common good – which is liable to exhaustion. [40] Some feel that the law should provide a safe haven for the dissemination of research data, since it can be argued that current data protection policies overburden valuable ...
The common good economy puts the common good, cooperation and community in the foreground. Human dignity, solidarity, ecological sustainability, social justice and democratic participation are also described as values of the common good economy. The movement behind the model started off in Austria, Bavaria and South Tyrol in 2010 and quickly ...
The question of what 'best' means is a common question in social choice theory. The following rules are most common: Utilitarian rule – sometimes called the max-sum rule or Benthamite welfare – aims to maximize the sum of utilities. Egalitarian rule – sometimes called the max-min rule or Rawlsian welfare – aims to maximize the smallest ...