Economics Public Goods Questions
Club goods are a type of goods that exhibit characteristics of both public goods and private goods. They are excludable, meaning that access to the good can be restricted to those who pay for it, similar to private goods. However, they are also non-rivalrous, meaning that consumption of the good by one individual does not diminish its availability for others, similar to public goods. Club goods are typically provided by clubs or organizations that charge membership fees to cover the costs of production and maintenance. Examples of club goods include cable television, private parks, and toll roads.