Public Goods

Rakesh C. Gupta

doi:10.1007/978-3-030-22767-8_80

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Book chapter

Public Goods

Rakesh C. Gupta

Encyclopedia of Business and Professional Ethics, pp.1520-1522

Springer International

01/01/2018

DOI: https://doi.org/10.1007/978-3-030-22767-8_80

Abstract

Public goods

Consumption (Economics)

Economics

In current economic thought public goods are those that have the following two characteristics: Non-rivalrous – a good that once produced can be consumed by anyone and still is available for consumption by others [without diminishment]. Non-excludable – there is no reasonable way to prevent anyone from consuming it, whether they have contributed to its production or not.

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Title: Public Goods
Creators: Rakesh C. Gupta (Author) - Adelphi University
Publication Details: Encyclopedia of Business and Professional Ethics, pp.1520-1522
Publisher: Springer International; Heidelberg, Germany
Academic Unit: Adelphi University; Decision Sciences and Marketing; Robert B. Willumstad School of Business
Resource Type: Book chapter
Honors/Awards/Prizes: 2018 Authors & Artists Exhibition
DOI: https://doi.org/10.1007/978-3-030-22767-8_80
Record Identifier: 991004223227506266