public goods

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public goods

pl n
(Economics) services such as national defence, law enforcement, and road building, that are for the benefit of, and available to, all members of the public
References in periodicals archive ?
The total number of collective goods of mankind, most of which are of an environmental and cultural nature, is currently estimated at 1,073, spread over 167 countries among the Member States of the UNESCO, the UN organisation that manages the tangible and intangible heritage of mankind, humanity.
Policies to provide collective goods and to address externalities,
Transport of collective goods and their sorting, processing, recycling or marketing including the proper disposal of trash
First, its author claims that climate change agreements such as the Kyoto Protocol suffer from the free-rider dilemma of collective goods.
63) According to Cooter and Siegel, collective goods are best produced by the "smallest unit of government that internalizes the effects of [a power's] exercise.
These collective goods are the foundation that will enable us to grow in the future.
In the literature on urban property rights and institutions, one main type of institutional structure is the integration of property owners and collective goods providers in the form of political or economic organizations (Foldvary, 1994; Beito, Gordon and Tabarrok, 2002; Deng, 2003), such as homeowners associations, shopping malls (McCallum, 1970), and even suburban local governments (Fischel, 2001).
Economic history shows us that strictly regulated stock markets do not necessarily function better than those that are given a free hand," Bonn's Max Planck Institute for Research on Collective Goods historian and economist Carsten Burhop said.
Hellwig, Max Planck Institute for Research on Collective Goods, Bonn, "Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Expensive"
Direct support, he continued, must help pay farmers for their actions to manage collective goods.
In his seminal work The Logic of Collective Action, Olson (1965) uses the provision of collective goods as an example to discuss collective action problem or coordination failure.