In some cases, public goods are not fully non-rivalrous and non-excludable. For example, a town swimming pool is a public good, since it can be used by any resident, but using it might involve a nominal fee. Similarly, some goods are described as “quasi-public” goods because, althoug...
Private property rights are one of the pillars ofcapitalisteconomies, as well as many legal systems, and moral philosophies. Within a private property rights regime, individuals need the ability to exclude others from the uses and benefits of their property. All privately owned resources arerivalro...
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 ...