Club good

From Wikipedia, the free encyclopedia

Club goods (also known as collective goods or artificially-scarce goods) are a type of good in economics, sometimes classified as a subtype of public goods that are excludable but non-rivalrous, at least until reaching a point where congestion occurs. These goods are often provided by a natural monopoly.

Examples of club goods would include private golf courses, cinemas, cable television, access to copyrighted works, and the services provided by social or religious clubs to their members. The EU is also treated as a club good.^[1]

	Excludable	Non-excludable
Rivalrous	Private goods food, clothing, toys, furniture, cars	Common goods / (Common-pool resources) fish, hunting game, water
Non-rivalrous	Club goods satellite television	Public goods national defense, free-to-air television, air
Private and public goods

[edit] External links

• EconPort Classification Table for Types of Goods

[edit] References

1. ^ Ahrens, Joachim, Hoen, Herman W. And Ohr, Renate (2005): "Deepening Integration in an Enlarged EU: A Club-Theoretical Perspective", in: European Integration, Vol. 27, No. 4, pp. 417 - 439.

• James M. Buchanan 1965. "An Economic Theory of Clubs." Economica, 32, pp. 1-14. Reprinted in Robert E. Kuenne, ed. (2000). Readings in Social Welfare, pp. 73-85.
• Suzanne Scotchmer, The New Palgrave: A Dictionary of Economics] 2008. "clubs," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.

v • d • e Types of goods public good - private good - common good - common-pool resource - club good - anti-rival good (non-)rivalrous good and (non-)excludable good complementary good vs. substitute good free good vs. positional good (non-)durable good - intermediate good (producer good) - final good - capital good inferior good - normal good - neutral good - ordinary good - Giffen good - luxury good - Veblen good - superior good search good - (post-)experience good - credence good merit good - demerit good composite good intangible good