Club good

From Wikipedia, the free encyclopedia

Club goods are a type of good in economics, sometimes classified as a subtype of public goods that are excludable but non-rivalrous, at least until reaching a point where congestion occurs.

Examples of club goods would include private golf courses, cinemas, cable television, access to copyrighted works, and the services provided by social or religious clubs to their members.

	Excludable	Non-excludable
Rivalrous	Private goods food, clothing, toys, furniture, cars	Common pool resources water, fish, hunting game
Non-rivalrous	Club goods cable television	Public goods national defense, terrestrial television
Private and public goods

[edit] External links

• EconPort Classification Table for Types of Goods
• Detailed explanation of club goods aimed at students

[edit] References

• James M. Buchanan "An Economic Theory of Clubs." Economica 32 (February 1965): 1-14.

Types of goods public good - private good - common good - common-pool resource - club good - anti-rival goods rivalrous good and non-excludable good complement good vs. substitute good free good vs. scarce good, positional good (non-)durable good - intermediate good (producer good) - final good - consumer good - capital good. inferior good - normal good - ordinary good - Giffen good - luxury good - Veblen good - superior good search good - (post-)experience good - merit good - credence good - demerit good