Club good

All you want to know about Club good

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.

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.

Excludable Non-excludable
Rivalrous Private goods
food, clothing, toys, furniture, cars
Common goods / (Common-pool resources)
water, fish, hunting game
Non-rivalrous Club goods
cable television
Public goods
national defense, free-to-air television, air
Private and public goods

External links

References

  • James M. Buchanan "An Economic Theory of Clubs." Economica 32 (February 1965): 1-14.

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