Public goods - Revision history

imported>Doug Williamson: Mend link.

2023-03-18T16:13:06Z

Mend link.

← Older revision		Revision as of 16:13, 18 March 2023
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	''Economics''.		''Economics''.

	1. ''Pure public goods.''		1. ''Pure public goods - economics.''

	Historically, examples of 'pure' public goods included flood control, street lighting, policing, national defence.		Historically, examples of 'pure' public goods included flood control, street lighting, policing, national defence.
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	For this reason, 'pure' public goods are more likely to be efficiently provided by the public sector, rather than by the private sector.		For this reason, 'pure' public goods are more likely to be efficiently provided by the public sector, rather than by the private sector.


			Outside of pure economics, it is now much more common for the term ''public goods'' to mean one or other of the two related definitions below.


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	== See also ==		== See also ==
	* [[Antitrust law]]		* [[Antitrust law]]
	* [[~~Banking~~]]		* [[Bank]]
	* [[BIS Innovation Hub]]		* [[BIS Innovation Hub]]
	* [[Cartel]]		* [[Cartel]]
	* [[Central bank public goods]]		* [[Central bank public goods]]
	* [[Competition & Markets Authority]]		* [[Competition & Markets Authority]]
			* [[Economics]]
	* [[Economies of scale]]		* [[Economies of scale]]
	* [[Information technology]]		* [[Information technology]]

imported>Doug Williamson: Add definition. Source: Linked pages

2023-03-18T16:07:21Z

Add definition. Source: Linked pages

← Older revision		Revision as of 16:07, 18 March 2023
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	1. ''Pure public goods.''		1. ''Pure public goods.''

	~~Examples~~ of 'pure' public goods ~~include~~ flood control, street lighting, policing, national defence.		Historically, examples of 'pure' public goods included flood control, street lighting, policing, national defence.

	Other examples include certain types of infrastructure, like public roads.		Other examples include certain types of infrastructure, like public roads.
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	Examples include health and education services.		Examples include health and education services.


			3. ''Other services and infrastructure - banking.''

			By a further extension, 'public goods' also - and now commonly - means services designed expressly to be made available to the public without charge.

			For example, the BIS Innovation Hub describes its function as being to develop "public goods in the technology space to support central banks and improve the functioning of the financial system."


	== See also ==		== See also ==
	* [[Antitrust law]]		* [[Antitrust law]]
			* [[Banking]]
			* [[BIS Innovation Hub]]
	* [[Cartel]]		* [[Cartel]]
	* [[Central bank public goods]]		* [[Central bank public goods]]
	* [[Competition & Markets Authority]]		* [[Competition & Markets Authority]]
	* [[Economies of scale]]		* [[Economies of scale]]
			* [[Information technology]]
	* [[Infrastructure]]		* [[Infrastructure]]
	* [[Monopolistic competition]]		* [[Monopolistic competition]]

imported>Doug Williamson: Add link.

2022-09-27T14:58:46Z

Add link.

← Older revision		Revision as of 14:58, 27 September 2022
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	* [[Antitrust law]]		* [[Antitrust law]]
	* [[Cartel]]		* [[Cartel]]
			* [[Central bank public goods]]
	* [[Competition & Markets Authority]]		* [[Competition & Markets Authority]]
	* [[Economies of scale]]		* [[Economies of scale]]

imported>Doug Williamson: Add link.

2022-07-07T21:12:42Z

Add link.

← Older revision		Revision as of 21:12, 7 July 2022
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	* [[Perfect competition]]		* [[Perfect competition]]
	* [[Private sector]]		* [[Private sector]]
			* [[Public]]
	* [[Public sector]]		* [[Public sector]]
	* [[Regulation]]		* [[Regulation]]

imported>Doug Williamson: Expand first definition.

2021-12-16T13:08:24Z

Expand first definition.

← Older revision		Revision as of 13:08, 16 December 2021
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	1. ''Pure public goods.''		1. ''Pure public goods.''

	Examples of 'pure' public goods include flood control, street lighting, policing, national defence ~~and~~ certain ~~forms~~ of infrastructure.		Examples of 'pure' public goods include flood control, street lighting, policing, national defence.

			Other examples include certain types of infrastructure, like public roads.

	The definition of public goods includes non-rivalry and non-excludability.		The definition of public goods includes non-rivalry and non-excludability.

imported>Doug Williamson: Expand definition.

2021-12-16T11:54:54Z

Expand definition.

← Older revision		Revision as of 11:54, 16 December 2021
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	''Economics''.		''Economics''.

	1.		1. ''Pure public goods.''

	Examples of 'pure' public goods include flood control, street lighting, policing ~~and~~ national defence.		Examples of 'pure' public goods include flood control, street lighting, policing, national defence and certain forms of infrastructure.

	The definition of public goods includes non-rivalry and non-excludability.		The definition of public goods includes non-rivalry and non-excludability.
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	2.		2. ''Other services and infrastructure.''

	By extension, 'public goods' may also refer to any services which - its advocates argue - ''should'' be provided by the public sector, whether or not they are 'pure' public goods in the sense defined above.		By extension, 'public goods' may also refer to any services which - its advocates argue - ''should'' be provided by the public sector, whether or not they are 'pure' public goods in the sense defined above.
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	* [[Competition & Markets Authority]]		* [[Competition & Markets Authority]]
	* [[Economies of scale]]		* [[Economies of scale]]
			* [[Infrastructure]]
	* [[Monopolistic competition]]		* [[Monopolistic competition]]
	* [[Monopoly]]		* [[Monopoly]]

imported>Doug Williamson: Layout.

2021-12-16T11:48:45Z

Layout.

← Older revision		Revision as of 11:48, 16 December 2021
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	'''Non-rivalry''' means that when a public good is enjoyed, it doesn’t reduce the amount available for other people.		'''Non-rivalry''' means that when a public good is enjoyed, it doesn’t reduce the amount available for other people.

	'''Non-excludability''' means that it is not possible both to provide such a good and prevent others enjoying it. For this reason, 'pure' public goods are more likely to be efficiently provided by the public sector, rather than by the private sector.		'''Non-excludability''' means that it is not possible both to provide such a good and prevent others enjoying it.

			For this reason, 'pure' public goods are more likely to be efficiently provided by the public sector, rather than by the private sector.


	2.		2.

	By extension, 'public goods' may also refer to any services which - its ~~proponents~~ argue - ''should'' be provided by the public sector, whether or not they are 'pure' public goods in the sense defined above.		By extension, 'public goods' may also refer to any services which - its advocates argue - ''should'' be provided by the public sector, whether or not they are 'pure' public goods in the sense defined above.

	Examples include health and education services.		Examples include health and education services.

imported>Doug Williamson: Layout.

2020-11-06T21:56:55Z

Layout.

← Older revision		Revision as of 21:56, 6 November 2020
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	Non-rivalry means that when a public good is enjoyed, it doesn’t reduce the amount available for other people.		'''Non-rivalry''' means that when a public good is enjoyed, it doesn’t reduce the amount available for other people.

	Non-excludability means that it is not possible both to provide such a good and prevent others enjoying it. For this reason, 'pure' public goods are more likely to be efficiently provided by the public sector, rather than by the private sector.		'''Non-excludability''' means that it is not possible both to provide such a good and prevent others enjoying it. For this reason, 'pure' public goods are more likely to be efficiently provided by the public sector, rather than by the private sector.

imported>Doug Williamson: Add second definition.

2020-11-06T21:55:58Z

Add second definition.

← Older revision		Revision as of 21:55, 6 November 2020
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	''Economics''.		''Economics''.

			1.

	Examples of 'pure' public goods include flood control, street lighting, policing and national defence.		Examples of 'pure' public goods include flood control, street lighting, policing and national defence.
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	Non-rivalry means that when a public good is enjoyed, it doesn’t reduce the amount available for other people.		Non-rivalry means that when a public good is enjoyed, it doesn’t reduce the amount available for other people.

	Non-excludability means that it is not possible both to provide such a good and prevent others enjoying it. For this reason, public goods are more likely to be efficiently provided by the public sector, rather than by the private sector.		Non-excludability means that it is not possible both to provide such a good and prevent others enjoying it. For this reason, 'pure' public goods are more likely to be efficiently provided by the public sector, rather than by the private sector.


			2.

			By extension, 'public goods' may also refer to any services which - its proponents argue - ''should'' be provided by the public sector, whether or not they are 'pure' public goods in the sense defined above.

			Examples include health and education services.

imported>Doug Williamson: Remove surplus link.

2020-05-15T00:55:07Z

Remove surplus link.

← Older revision		Revision as of 00:55, 15 May 2020
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	* [[Competition & Markets Authority]]		* [[Competition & Markets Authority]]
	* [[Economies of scale]]		* [[Economies of scale]]
	* [[Free rider]]
	* [[Monopolistic competition]]		* [[Monopolistic competition]]
	* [[Monopoly]]		* [[Monopoly]]