A rival good is a product or service that can only be consumed by one user or a limited number of users, potentially creating ...

Ordinarily, people buy goods in the market, and then they consume those goods for themselves. This increases their utility and generates consumer surplus. Usually, this process only requires a willing ...

Blomquist and Christensen (2005) argue that welfare is initially decreasing in the price of an excludable public good and that the case for a positive price for an excludable public good price is weak ...

Among the several misgivings non-anarcho-capitalist people might have with anarcho-capitalism, there is the issue of public goods. Public goods, in fact, are supposed to be those goods which free ...

This paper studies the optimal provision mechanism for multiple excludable public goods when agents' valuations are private information. For a parametric class of problems with binary valuations, we ...

IN this article, I borrow a concept from economics to make what I hope is a persuasive argument for why more of us should get involved in public affairs; why we should speak out, participate, and ...