Fraser, Clive; al-Nowaihi, Ali - In: Economics Bulletin 8 (2006) 4, pp. 1-6
Excludable and congestible shared goods - club goods (e.g., internet access facilities) - are more prevalent than Samuelsonian public goods. Our example shows that, unlike the usual presumption with pure public goods, the optimal second-best supply of a club good might exceed its first-best...