Public Economics

Public economics seeks to understand PublicGoods, and to find ways to realise ParetoOptimum allocations for such resources, rather than accepting MarketFailure.

Some terms:

• CommonCost
• ClubGood
• EconomicClub
• EconomyOfScope
• MarketFailure
• NonexcludableBenefit
• NonrivalrousConsumption
• PositiveExternality
• PublicGood

This is a new page, which will become less incomplete with time.