Mixed Good Continua and Public Policy

Stephen Shmanske

ISBN: 9781900432030
Format: Paperback
Publisher:Earlybrave Publications Ltd

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Pure public goods and pure private goods are seen as polar opposite cases enclosing a range of mixed goods. Since there is some controversy over the definition of a public good, there is an ambiguity over a mixed good. This paper explores the attributes that have been connected with public goods.

Pure public goods and pure private goods are sometimes seen as polar opposite cases enclosing a range of mixed goods. Since there is some controversy over the proper definition of a public good, there is a related ambiguity over what constitutes a mixed good. This paper explores the many different attributes that have been connected with public goods and derives the corresponding nature of the mixed good continuum for each case. Whether interventionist or free market policies are implied depends on the nature of the attribute defining the pure public good and on the method of developing the mixed good continuum between the polar cases.

Mixed Good Continua and Public Policy

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