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Pure public goods, as defined by Paul Samuelson, are well understood. However, Burton Weisbrod argues that a substantial number of private goods have public good attributes. Among the goods mentioned by Weisbrod are visits to a park or hospital. These goods have two important attributes:...
Persistent link: https://www.econbiz.de/10010687259
This paper focuses on the demand for library services by nonresidents of the community which finances the library. For several middle-size metropolitan areas in New York, it is shown that nonresidents contribute substantially to the financial burden of supporting a library. In addition, while...
Persistent link: https://www.econbiz.de/10010781780