Collective-Consumption Services of Individual-Consumption Goods

  title={Collective-Consumption Services of Individual-Consumption Goods},
  author={Burton A. Weisbrod},
  journal={ERN: Allocative Efficiency; Cost-Benefit Analysis; Externalities (Topic)},
  • B. Weisbrod
  • Published 1 August 1964
  • Economics
  • ERN: Allocative Efficiency; Cost-Benefit Analysis; Externalities (Topic)
Certain commodities of a pure individual-consumption variety also possess characteristics of a pure collective-consumption good, 471. — In certain cases when individual-consumption goods cannot be provided profitably by private enterprise, it may serve the social welfare to subsidize their production, 474. — Conclusion, 476. 
The Valuation of Public Goods
The ultimate objective of all economic activity is to provide satisfaction or utility to consumers. This message has been the guiding principle for the studies of the economy from the time of Adam
Welfare Theory, Public Goods, and Public Facility Location
The paper discusses a number of issues that are important to the development of a useful normative “welfare theory” of the public space economy. Attention is specifically focused on theoretical
A Note on the Efficient Pricing of Public Goods
It has been concluded by some that no positive price for a public good is con-sistent with consumption efficiency as it will discourage consumption that could be provided at zero cost. It is argued
The Optimal Provision of Public Goods in a System of Local Government
I. THE PROBLEM R ECENT developments in the theory of public goods have resulted in an improved understanding of the distinguishing economic characteristics of public goods compared with private
Joint Products, Collective Goods, and External Effects: Comment
In this note I wish to consider again the extensions of conventional definitions by which the notions of "joint supply" and "consumption of a commodity" have been introduced to theorizing about
Valuing Environmental Goods: A Critical Appraisal of the State of the Art
This chapter develops a contingent valuation method for estimating nonmarket, typically environmental goods. Economists usually ignore critically important issues in the application of the methods.
On the Valuation of Uncertainty in Welfare Analysis
This article develops a general model of private and public choice under temporal uncertainty. The model incorporates the effects of risk preferences and the prospect of future learning into both the
Rational Nonprofit Entrepreneurship
This paper derives the decision to found a nonprofit firm as the equilibrium outcome of a multistage game among individuals who would like a public good to be provided. The model predicts that if
Valuing non-market goods using contingent valuation
Contingent valuation is a technique being developed by economists for the valuation of environmental commodities not traded in markets. This paper discusses the major problem areas associated with