A Note on Else's Treatment of Quality and Public Goods

Stephen Shmanske

Scottish Journal of Political Economy, 1990, vol. 37, issue 2, 193-96

Abstract: Although quality can sometimes be portrayed as a private characteristic of consumption, quality will usually have collective consumption characteristics. For most goods, the regular quantity dimension is analyzed like a private good while the quality dimensions lend themselves to analysis along the lines of excludable public goods. For the quality of a good to be a private dimension requires that any potential change in quality affects only the units consumed by one person, so that only one person's evaluation of the change is relevant for welfare analysis. Although such cases exist, they are likely to be rare. Copyright 1990 by Scottish Economic Society.

Date: 1990
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