2 ms·
Roads are not exactly public goods, and can be 'club goods' or something between the two; the Wikipedia definition matrix has some nice examples, and the page i
by nickff 6y ago
Roads are not exactly public goods, and can be 'club goods' or something between the two; the Wikipedia definition matrix has some nice examples, and the page is quite good overall: https://en.wikipedia.org/wiki/Public_good_(economics)#Definition_matrix https://en.wikipedia.org/wiki/Public_good_(economics)#Defini...
- mandelbrotwurst 6y agoOK, fair, although even with the example public goods listed in that Wikipedia page their provision in reality still does end up supporting certain companies and harming others - e.g. if I'm in the business of selling air purifiers, government efforts to reduce air pollution are going to negatively impact my sales.
- nickff 6y agoI totally agree that government policy can shape the market, and my issue is not at all with that happening as a by-product of public goods, but only when it is a direct and deliberate action.
- mandelbrotwurst 6y agoGot it. I think where I lost you was in your use of "picking companies out" - I didn't realize that you meant only intentionally as opposed to incidentally.