On the Definition of Public Goods. Assessing Richard A. Musgrave's contribution

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serval:BIB_962E422AE9CA
Type
Report: a report published by a school or other institution, usually numbered within a series.
Publication sub-type
Working paper: Working papers contain results presented by the author. Working papers aim to stimulate discussions between scientists with interested parties, they can also be the basis to publish articles in specialized journals
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Publications
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Title
On the Definition of Public Goods. Assessing Richard A. Musgrave's contribution
Author(s)
Desmarais-Tremblay M.
Institution details
Centre d'Économie de la Sorbonne
ISBN
1955-611X
Issued date
2014
Number
4
Language
english
Number of pages
40
Abstract
This paper provides an explanation of the emergence of the standard textbook definition of public goods in the middle of the 20th century. It focuses on Richard Musgrave's contribution in defining public goods as non-rival and non-excludable - from 1939 to 1969. Although Samuelson's mathematical definition is generally used in models of public goods, the qualitative understanding of the specificity of pure public goods owes more to Musgrave's emphasis on the impossibility of exclusion. This paper also highlights the importance of the size of the group to which benefits of a public good accrue. This analysis allow for a reassessment of the Summary table of goods which first appeared in Musgrave and Musgrave (1973) textbook.
Keywords
Richard A. Musgrave, social goods, public goods, non-rivalry, non-exclusion
Create date
10/02/2014 15:54
Last modification date
20/08/2019 14:58
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