Economics 310 Handout 1 Professor Tom K

Part 22: Public goods and demand revelation (20.1-20.2) Pure public goods -nonrivalry in consumption-nonexclusion. Excludable public goods e.g. membership social clubs. The free-rider problem occurs in the provision of a pure public. good where each consumer has an incentive not to buy the pure. public good in hope that the other consumers ... ................
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