Club good

From Wikipedia, the free encyclopedia

Club goods (also known as collective 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 goods / (Common-pool resources)
water, fish, hunting game
Non-rivalrous Club goods
cable television
Public goods
national defense, free-to-air television, air
Private and public goods

[edit] External links

[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. positional good

(non-)durable good - intermediate good (producer good) - final 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 - composite good