{"id":35247,"date":"2016-07-06T02:00:49","date_gmt":"2016-07-06T06:00:49","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=35247"},"modified":"2025-05-21T09:04:57","modified_gmt":"2025-05-21T13:04:57","slug":"public-goods-and-asteroid-defense","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2016\/07\/06\/public-goods-and-asteroid-defense\/","title":{"rendered":"Public Goods and Asteroid Defense"},"content":{"rendered":"<p align=\"center\"><iframe loading=\"lazy\" width=\"853\" height=\"480\" src=\"https:\/\/www.youtube.com\/embed\/lLzcW5NG5eA\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<blockquote><p><strong>Published on 26 Jun 2015<\/strong><\/p>\n<p>While the probability of an asteroid hitting the planet is very low, its effect would be disastrous for all of us. So, who should pay for asteroid protection? A good like asteroid defense \u2014 a public good, meaning it\u2019s nonexcludable and nonrival \u2014 has some unusual properties that challenge markets. We explore the curious case of public goods in this video and others in this section.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Published on 26 Jun 2015 While the probability of an asteroid hitting the planet is very low, its effect would be disastrous for all of us. So, who should pay for asteroid protection? A good like asteroid defense \u2014 a public good, meaning it\u2019s nonexcludable and nonrival \u2014 has some unusual properties that challenge markets. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25,44],"tags":[423,1026,1143,1595],"class_list":["post-35247","post","type-post","status-publish","format-standard","hentry","category-economics","category-space-science","tag-asteroids","tag-microeconomics","tag-principlesofeconomics","tag-publicgoods"],"jetpack_featured_media_url":"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2016\/06\/favicon.png","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-9av","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/35247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=35247"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/35247\/revisions"}],"predecessor-version":[{"id":35248,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/35247\/revisions\/35248"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media\/35193"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=35247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=35247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=35247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}