Quotulatiousness

August 20, 2016

Club Goods

Filed under: Economics — Tags: , — Nicholas @ 03:00

Published on 26 Jun 2015

In this video we discuss club goods. Club goods are nonrival and excludable. For instance, HBO is a club good, as you need to pay a monthly fee to access HBO (excludable) but more viewers does not add to costs (nonrival). Entrepreneurs are always looking for ways to turn public goods into club goods — cable TV and satellite radio being two examples. Some entrepreneurs have even figured out how to profit from providing public goods — for instance, radio and broadcast television are public goods, but, thanks to advertising, they are profitable.

Related posts:

  1. A Deeper Look at Public Goods
  2. Properly defining what are “public goods”
  3. Public Goods and Asteroid Defense
  4. Bundling
  5. Senator Elizabeth Warren doesn’t really understand what “public goods” are

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