Public Goods and Common Resources参考.pptVIP

Public Goods and Common Resources Chapter 11 “The best things in life are free. . .” Free goods provide a special challenge for economic analysis Most goods in our economy are allocated in markets… “The best things in life are free. . .” When goods are available free of charge, the market forces that normally allocate resources in our economy are absent. “The best things in life are free. . .” When a good does not have a price attached to it, private markets cannot ensure that the good is produced and consumed in the proper amounts. “The best things in life are free. . .” In such cases, govern