LECTURE 12 PUBLIC GOODS: SAMUELSON RULE

a public good is a good produced by government, and generally available for the benefit of its citizens. Indeed, this more commonsense definition of public good - was generally accepted by economists until Samuelson made the definition more precise, and at the same time altered its meaning. 3 … ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download