Public good (economics)
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In economics, a public good (also known as a social good or collective good) is a good that is both non-excludable and non-rivalrous, in that individuals cannot be excluded from use or could benefit from without paying for it, and where use by one individual does not reduce availability to others or the good can be used simultaneously by more than one person.
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See also
- Lindahl tax, a method proposed by Erik Lindahl for financing public goods
- Private-collective model of innovation, which explains the creation of public goods by private investors
- Public bad
- Public goods game, a standard of experimental economics
- Public works, government-financed constructions
- Tragedy of the anticommons
- Anti-rival good
- Rivalry (economics)
- Quadratic funding, a mechanism to allocate funding for the production of public goods based on democratic principles
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