Club goods (also known as collective goods or artificially-scarce goods) are a type of good in economics, sometimes classified as a subtype of public goods that are excludable but non-rivalrous, at least until reaching a point where congestion occurs. These goods are often provided by a natural monopoly.
Examples of club goods would include private golf courses, cinemas, cable television, access to copyrighted works, and the services provided by social or religious clubs to their members. The EU is also treated as a club good.[1]
| Excludable | Non-excludable | |
| Rivalrous | Private goods food, clothing, toys, furniture, cars |
Common goods / (Common-pool resources) fish, hunting game, water |
| Non-rivalrous | Club goods satellite television |
Public goods national defense, free-to-air television, air |
| Private and public goods | ||
External links
References
- ^ Ahrens, Joachim, Hoen, Herman W. And Ohr, Renate (2005): "Deepening Integration in an Enlarged EU: A Club-Theoretical Perspective", in: European Integration, Vol. 27, No. 4, pp. 417 - 439.
- James M. Buchanan 1965. "An Economic Theory of Clubs." Economica, 32, pp. 1-14. Reprinted in Robert E. Kuenne, ed. (2000). Readings in Social Welfare, pp. 73-85.
- Suzanne Scotchmer, The New Palgrave: A Dictionary of Economics] 2008. "clubs," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
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