The opposite of a public good is aprivate good, which is both excludable and rivalrous. Private goods can only be used by one person at a time—a piece of jewelry, for example. In some cases, they are destroyed in the act of using them, such as when a slice of pizza is eaten. P...
I begin this research by determining that existing theories of externalities and public goods do not adequately address the unique values associated with goods that serve both private and public purposes. The existing literature identifies the nonexcludable, individually-perceived external benefits related ...
Common-pool resources (CPRs), also referred to as common goods, are goods that typically possess a natural or constructed system of resources. CPRs arenon-excludable, meaning that individuals orpopulationstypically can’t be prevented from using them, even if they aren’t paying for them. They ...
Common-pool resources (CPRs), also referred to as common goods, are goods that typically possess a natural or constructed system of resources. CPRs arenon-excludable, meaning that individuals orpopulationstypically can’t be prevented from using them, even if they aren’t paying for them. They ...