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The Traditional Distinction between Public and Private Goods Needs to Be Expanded, Not Abandoned

Bibliographic Data

ID6298948
AuthorsRoy D Adams, Ken Mccormick
Year1993
Volume5
Issue1
Pages109-116
Publication date1993-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Theoretical Politics (JOURNAL)
Journal identifiersISSN: 0951-6298 • E-ISSN: 1460-3667
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/0951692893005001005
OpenAlexW1968536564
LanguageEN
Citations received2
References cited15

Observations that goods and services cannot legitimately be divided into just two categories - private and public - have led to a proposal, published in this journal, that the traditional concept of public goods be abandoned. In this paper it is suggested that the problems of the private versus public dichotomy be solved by expanding the taxonomy, not by abandoning it. Non-rivalry and non-excludability are independent characteristics (i.e. one can exist without the other), and they can be present in varying degrees (i.e. they are not all-or-nothing characteristics). Recognizing this, an expanded taxonomy is constructed which is not subject to the valid criticisms which have been made of the too simple private versus public dichotomy

Economics · Epistemology · Excludability · Law and economics · Microeconomics · Nothing · Positive economics · Private good · Public economics · Public good · Rivalry · Simple (philosophy · Subject (documents · Taxonomy (biology · Auction Theory and Applications · Computer Science · Economic theories and models · Experimental Behavioral Economics Studies · Ecology

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Unique citing works2
Citations per year0,07
Citation span1996 - 2018 (23)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 2

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