Public Goods

Global Public Good(s) (in the Human Development Area)

In this context, Global Public Good(s) means:

a global public good is a good that has the three following properties :

1. It is non-rivalrous. Consumption of this good by anyone does not reduce the quantity available to other agents;

2. It is non-excludable. It is impossible to prevent anyone from consuming that good.

3. It is available worldwide.

This concept is an extension of Samuelson’s notion of public goods to the economics of globalisation.

Literature Review on Public Goods

In the Encyclopedia of Public Administration and Public Policy, [1] Cristina E. Ciocirlan offers the following summary about the topic of Public Goods: Public, or collective, goods are characterized by non-excludability in use, non-rivalry in consumption, or both these characteristics combined. A good is non-excludable if it is costly and counterproductive to exclude individuals from using it. It is non-rivalrous if one person’s consumption cannot reduce or impede the ability of others to consume the good. When individuals do not take into account the marginal social cost of consumption, the public good becomes congested. Generally, a public good is also indivisible; one cannot meaningfully speak of units of a public good (e.g., ambient air).

Multi-Level Governance and Public Goods

This section provides an overview of multi-level governance and public goods within the legal context of Integrating Domestic and international economic law (Cross-Cutting Challenges).

Resources

Notes and References

1. Entry about Public Goods in the Encyclopedia of Public Administration and Public Policy (2015, Routledge, Oxford, United Kingdom)

See Also

Further Reading

• Global Encyclopedia of Public Administration, Public Policy, and Governance (2018, Springer International Publishing, Germany)

Hierarchical Display of Public goods

Trade > Consumption > Goods and services

Public goods

Concept of Public goods

See the dictionary definition of Public goods.

Characteristics of Public goods

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Resources

Translation of Public goods

• Spanish: Bien público
• French: Biens publics
• German: öffentliche Güter
• Italian: Beni pubblici
• Portuguese: Bens públicos
• Polish: Dobra publiczne

Thesaurus of Public goods

Trade > Consumption > Goods and services > Public goods

See also

• Common agricultural policy
• Common organisation of markets
• Agri-monetary policy
• Farm development plan
• Single payment scheme
• Reform of the CAP
• Public property

• Public goods and services
• Collective goods