Learn Before
Excludable Public Good (Club Good)
Example of an Excludable Public Good: CORE Econ's The Economy Ebook
The ebook 'The Economy' from CORE Econ exemplifies a club good, which is a type of public good. It is considered a club good because access to it can be restricted (making it excludable), even though it is intentionally offered for free to teachers and students.
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Social Science
Empirical Science
Science
CORE Econ
Economy
Economics
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.10 Market successes and failures: The societal effects of private decisions - The Economy 2.0 Microeconomics @ CORE Econ
Related
Example of an Excludable Public Good: CORE Econ's The Economy Ebook
Dynamic Nature of Excludability
Example of an Excludable Public Good: Information in a Copyrighted Book
Example of an Excludable Public Good: Film in an Uncrowded Cinema
Example of an Excludable Public Good: Toll Roads and Bridges
Example of a Club Good: Private Golf Club
Example of In-Principle Excludability: Public Roads and Parks
A new online streaming service offers unlimited access to its library of thousands of classic films. Access is granted only to users who pay a monthly subscription fee. One subscriber watching a film does not prevent any other subscriber from watching the same or any other film. Based on these characteristics, how is this streaming service best classified?
Bridge Funding Strategy Analysis
Match each economic term for a type of good with the description that best fits its characteristics.
City Park Conservatory Funding Debate
A good that is excludable becomes a club good only when consumption by one person significantly reduces the amount available for others.
The Economics of Digital Information
The 'Freemium' Software Model
Reclassifying a Public Asset
An uncrowded public beach is open to everyone, and one person's enjoyment does not detract from another's. The local government then decides to fence off the beach and charge an entrance fee. Assuming the beach remains uncrowded, how does this action change the economic classification of the beach access?
Digital Library Funding Strategy
Learn After
An organization creates a new digital textbook. The book is available online for free to anyone who registers on their website. Because it is a digital file, one person's use of the book does not prevent others from using it simultaneously. The organization could, however, easily change its policy in the future to charge a fee for access. Based on these characteristics, how would this digital textbook be classified?
Classifying a Digital Educational Resource
Classifying a Digital Resource
A non-profit organization develops a comprehensive digital economics textbook. Because it is a digital file, any number of people can read it at the same time without diminishing its availability to others. However, to access the textbook, users must first register for a free account on the organization's website. Which of the following actions would change the textbook's classification from its current state to that of a pure public good?
An organization produces a high-quality digital textbook. The file can be copied infinitely without degradation, and one person's use does not prevent another's. The organization makes it available for free but requires users to register with an email address to download it.
Statement: Since the textbook is provided at no monetary cost to the user, the organization faces no economic trade-offs in its decision to produce and distribute it.
Strategic Distribution of Digital Goods
A research institute develops an online database of historical climate data. The initial cost to build the database was substantial, but the cost of allowing an additional person to access it online is virtually zero. The institute makes the database available at no charge, but requires potential users to submit an application explaining their research, and it sometimes denies access. From the perspective of maximizing overall societal benefit, what is the primary economic argument against this distribution strategy?
A software company invests heavily in developing a powerful new graphic design tool. Once developed, the cost of allowing an additional user to download the tool is nearly zero. The company offers the tool at no monetary cost but requires each user to create an account with a unique email address to access the download. What is the most likely economic rationale behind requiring account creation?
A digital textbook is made available online to any user without requiring a login or registration. Because this resource is non-rivalrous (one person's use does not prevent another's) and is offered at a zero monetary price, it is classified as an excludable good.
Match each scenario with the correct classification of the good described, based on its characteristics of rivalry (whether one person's use diminishes its availability to others) and excludability (whether people can be prevented from using it).