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Microeconomics
S/E/107. The provider of club good has to decide both on the optimal level of provision of the good and the optimal level of membership of the good. Analyse how these decisions can be achieved.
- WORDS:
- 1500
- DATE:
- 2007
- PRICE:
- 19.99 GBP
The paper examines the difference between public and private goods from the perspective of the theory of consumption and the club theory. Characteristics of a club are reviewed, optimal levels of provision for club goods and membership are calculated.
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