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 (non-)durable good - intermediate good (producer good) - final good - capital good |