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Intros
Lessons
  1. Public Goods Overview
  2. Classifying Goods
    • Excludable
    • Non-Excludable
    • Rival
    • Non-Rival
  3. Distinguishing Types of Goods
    • Private Goods
    • Public Goods
    • Common Resources
    • Natural Monopoly Goods
    • Examples of these Types of Goods
  4. The Free-Rider Problem
    • Public goods are non-rival and non-excludable
    • Why don't we buy public goods?
    • Reap benefits without paying
    • Inefficient quantity of public good
    • How it can be solved
  5. Tragedy of the Commons
    • No incentive to prevent overuse of common resources
    • Unsustainable use of common resources
    • Overuse of Common Resource \, \, inefficient equilibrium
    • Solutions to the Tragedy of the Commons
    • Property Rights, Production Quotas & Individual Transferable Quotas.
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Examples