Keyword: rivalry

Private goods vs. public goods (transcript) (3/27/2007)

Narrated lecture on the difference between private goods and public goods. Demand schedules for private goods and public goods are generated using Flash animation.

Keywords: aggregate demand curve, excludability, horizontal summation, marginal utility, market demand curve, private goods, public goods, rivalry, tax, vertical summation

Rivalry and Excludability in Goods (8/15/2006)

Goods can be classified by their consumption rivalry and ability to exclude non-payers.

Keywords: advertisement, apple, Commons good, enforcement cost, excludability, indirect funding, low-congestion good, private good, property right, public good, radio, rivalry, school, tax