Jess's Lab Notebook

Characteristics of Goods

From David Dalrymple's talk at March 2022 Funding the Commons

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A good can be:

  • rival to the extent that benefitting from it detracts from others' capacity to benefit
  • excludable to the extent that it's feasible for someone to exclude others from benefitting from it
  • transferrable to the extent that one can give all benefits from it to someone else
  • divisible to the extent that it's feasible and natural to split into smaller pieces
  • fungible to the extent that the world contains many perfectly interchangeable copies of it
Characteristics of Goods
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Characteristics of Goods