Public Goods

Contents:

• Classification Table: What constitutes a private, public, or club good, or common-pool resource
• Introduction to Public Goods: Beginner's Guide to the Public Goods Problem.
• Solutions to the Public Goods Problem: Learn about the Pareto efficient level of provision of a public good, the voluntary contributions mechanism, the free-riding problem and underprovision, as well as other mechanisms trying to provide the optimal levels of supply.
• Private Sector Provision vs. Public Sector Provision
• Advanced Discussion of The Individual's Public Good Choice Problem in the Market: Summary of the differences between the market and Pareto efficient outcomes in mathematical form.
• Public Goods Exercises: Numerical problems and suggested solutions.
• Experimental Research: Become acquainted with the most important results from public goods experiments.
• Classroom Experiments on Public Goods: Read how to set up a public goods experiment in class.
• Cataloged Resources: This section lists some of the other useful and informative websites.
• Bibliography