Ineconomics, a good to which persons are believed to have a right. That is, a merit good is something that should be available forfreeor at reducedpricesbecause it is necessary and thefree marketdoes not provide sufficient incentives to produce it. Examples of merit goods may include education...
23 For example, the public health service or the collective security can be categorised as veritable social goods as they are relevant for the whole community, whereas education and child care belong to the category of merit goods, as – even though they are exploited only by part of the co...
Culyer, A.J. 1971a. Merit goods and the welfare economics of coercion. Public Finance 26, 546-571. Reprinted in Ver Eecke, W. 2006. Merit Goods: The Birth of a New Concept. The Unfinished Ethical Evolution in Economic Theory. Purdue University Press, Ashland Ohio, 174-200)....
Public Good in Economics | Definition, Characteristics & Examples from Chapter 3 / Lesson 64 66K Learn the definition of a public good and understand the theory of public goods. Explore the characteristics of public goods and review various examples. Related...
Public Good in Economics | Definition, Characteristics & Examples from Chapter 3 / Lesson 64 66K Learn the definition of a public good and understand the theory of public goods. Explore the characteristics of public goods and review various examples. Related...
This interpretation leads to treating The Letter as a document dealling with the moral and ethical issues involved in selection of social goals and with incorporating these goals into welfare economics by identifying them as merit wants (or goals). A society that does have merit goods among its...
T Murphy,J Parkey - 《International Journal of Social Economics》 被引量: 2发表: 2016年 Club Goods in the Health and Wellness Sector This study applies club theory to privately-provided and publicly-funded services within the health and wellness sector. Specifically, it examines the theo... RL...
Any passenger or person or the owner of any animal, vehicle, luggage, goods, articles or things howsoevermentionedorreferred to in this Bylaw shall pay to the Corporation the amount of all or any sum or sums required to indemnify the Corporation or any official from and against all or any...
4.2.1 Auction for N goods, complete information Given that the price of production is linear in the competitive advantage of each provider, the auction can be implemented on the average price for producing the N services, i.e. the provider that declares the minimum average cost wins the ...
The concept of merit goods, since its introduction thirty years ago (Musgrave 1957, 1958), has been widely discussed and given divergent interpretations (for surveys, see Head 1966; Andel 1984). Since no patent attaches to the term, it is thus difficult to provide a unique definition. However...