Public Goods: A Reflection
Universita degli Studi e-Campus
March 22, 2012
The public goods can be seen as assets for which the positive externalities are extremely high compared to the benefits. The public goods generate social marginal benefits that outweigh private goods matching: this makes them socially desirable but not always capable of producing adequate profitability for the private entrepreneur. The existence of public goods leads to a selfish and opportunistic behavior, through the denial of real utility connected to the public good.
Number of Pages in PDF File: 6
Keywords: public goods, externality, State intervention, clubs
JEL Classification: D11, D69, D71, H11, H41working papers series
Date posted: March 22, 2012
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