The Review of Economics and Statistics Vol. 40 No. 4 1958
Two Propositions Related to Public Goods
Abstract
PpT HIS note, pertinent to some recent literature on public goods,' presents two propositions which place the question of the optimal expenditure levels for public goods in a somewhat different perspective. By (pure) public goods or, synonymously, (pure) collective consumption goods, we mean those consumer goods having the property that, once produced, their enjoyment by each and every individual does not reduce their availability for the enjoyment of others. Public defense and public health measures may suggest cases in point.
- DOI
- 10.2307/1926335
- Volume
- 40
- Issue
- 4
- Pages
- 329
- Sources
- openalex crossref