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  2. Excludability - Wikipedia

    en.wikipedia.org/wiki/Excludability

    A good, service or resource that is unable to prevent or exclude non-paying consumers from experiencing or using it can be considered non-excludable. An architecturally pleasing building, such as Tower Bridge , creates an aesthetic non-excludable good, which can be enjoyed by anyone who happens to look at it.

  3. Public goods game - Wikipedia

    en.wikipedia.org/wiki/Public_goods_game

    The public good game is easily translated to a laboratory experiment. If individuals are purely egoistic then we will end up in now contributions. If individuals are pure altruistic then we will end up in individuals contributing their entire endowments. An experimental result between the two extremes, shows the degree of altruism (or egoism).

  4. Common good (economics) - Wikipedia

    en.wikipedia.org/wiki/Common_good_(economics)

    Road is public good whenever there is no congestion, thus the use of the road does not affect the use of someone else. However, if the road is congested, one more person driving the car makes the road more crowded which causes slower passage. In other words, it creates a negative externality and road becomes common good. [1]

  5. Public good - Wikipedia

    en.wikipedia.org/wiki/Public_good

    Club goods: are the goods that are excludable but are non-rivalrous such as private parks. Mixed good: final goods that are intrinsically private but that are produced by the individual consumer by means of private and public good inputs. The benefits enjoyed from such a good for any one individual may depend on the consumption of others, as in ...

  6. Common good - Wikipedia

    en.wikipedia.org/wiki/Common_good

    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).

  7. Club good - Wikipedia

    en.wikipedia.org/wiki/Club_good

    Club goods (also artificially scarce goods, toll goods, collective goods or quasi-public goods) are a type of good in economics, [1] sometimes classified as a subtype of public goods that are excludable but non-rivalrous, at least until reaching a point where congestion occurs. Often these goods exhibit high excludability, but at the same time ...

  8. Excludable - Wikipedia

    en.wikipedia.org/?title=Excludable&redirect=no

    This page was last edited on 16 August 2020, at 18:52 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...

  9. Goods - Wikipedia

    en.wikipedia.org/wiki/Goods

    Private goods are excludable goods, which prevent other consumers from consuming them. Private goods are also rivalrous because one good in private ownership cannot be used by someone else. That is to say, consuming some goods will deprive another consumer of the ability to consume the goods. Private goods are the most common type of goods.