Journalism Skills for Engaged Citizens
The University of Melbourne
Intellectual Property in the Healthcare Industry
University of Pennsylvania
Revolutionary Ideas: Utility, Justice, Equality, Freedom
Rutgers the State University of New Jersey
Property and Liability: An Introduction to Law and Economics
Introduction to Environmental Law and Policy
The University of North Carolina at Chapel Hill
Time to Reorganize! Understand Organizations, Act, and Build a Meaningful World.
Internet Giants: The Law and Economics of Media Platforms
The University of Chicago
University of Illinois at Urbana-Champaign
The Power of Markets III: Input Markets and Promoting Efficiency
University of Rochester
Large Marine Ecosystems: Assessment and Management
University of Cape Town, National Oceanic and Atmospheric Administration (NOAA), IW:LEARN, Global Environment Facility (GEF), United Nations Development Programme (UNDP-The GEF), UNESCO-IOC, United Nations Environment Programme
Climate Change Mitigation in Developing Countries
University of Cape Town
Sustainable Tourism – promoting environmental public health
University of Copenhagen
Introduction to Economic Theories
Erasmus University Rotterdam
Electric Utilities Fundamentals and Future
University of Colorado System
What is public good?
From the standpoint of economics, in order for goods and services to be classified as public goods, they must be both non-rivalrous, and non-excludable.
Goods and services are considered rivalrous if consumption by one party serves to prevent consumption by another party. Goods and services are considered excludable if they are only accessible to paying parties. Public goods, then, are those goods and services that are available to all, where the supply does not decrease to one party through consumption by another party.
In his landmark 1954 paper, The Pure Theory of Public Expenditure, Paul Samuelson defined collective consumption of good and services as “[goods] which all enjoy in common in the sense that each individual's consumption of such a good leads to no subtractions from any other individual's consumption of that good.”
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