NOTES ON THE TAXONOMY OF PROBLEMS CONCERNING PUBLIC GOODS

Abstract

This paper deals with those situations involving an intermix of political, economic and social conditions arising from the needs and desires of a society to control the use of goods or services which cannot be allocated efficiently by a market mechanism alone. The items included are those which cause nuisance or harm to others, those which must be jointly constructed by taxation of privately appropriated resources; those which are unique natural heritages such as beauty spots; items held in common (res communes) such as air and light; and a host of others. An attempt is made to set the problems arising from the features of communal goods into a game theoretic framework.

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Document Details

Document Type
Technical Report
Publication Date
Apr 19, 1966
Accession Number
AD0633546

Entities

People

  • Martin Shubik

Organizations

  • Yale University

Tags

Communities of Interest

  • Energy and Power Technologies

DTIC Thesaurus Topics

  • Commerce
  • Contracts
  • Cooperative Games
  • Economic Models
  • Economic Systems
  • Economics
  • Game Theory
  • Government Procurement
  • Governments
  • Law
  • Market Economy
  • Minority Groups
  • Money
  • National Governments
  • Physical Properties
  • Recreation
  • United States

Fields of Study

  • Economics

Readers

  • Economics
  • Educational Psychology
  • Theoretical Analysis.