Public Goods, Efficiency and Environmental Statistics
R. U. Ayres
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R. U. Ayres: International Research And Technology Corporation
Chapter 16 in Econometric Contributions to Public Policy, 1978, pp 370-392 from Palgrave Macmillan
Abstract:
Abstract According to the announcement for this conference the general subject area of this paper is ‘Environmental Policy and Public Goods’. The term ‘public good’ is, of course, not a synonym for ‘public welfare’, but rather an antonym for ‘private good’. And what is a ‘good’? In the sometimes peculiar jargon of economics, the word connotes nothing of inherent virtue: basically, a ‘good’ is anything tangible that conveys a ‘service’ to a ‘consumer’. A consumer, by the way, does not physically ‘consume’ anything except air, drinking water and food. For the rest, consumption is essentially a process of exhausting the utility of goods by extracting services from them. The material object, itself, is discarded.
Keywords: Energy Efficiency; Public Good; Social Cost; Common Property Resource; Finish Fuel (search for similar items in EconPapers)
Date: 1978
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-16003-7_17
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DOI: 10.1007/978-1-349-16003-7_17
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