Goods Theory
Description
Economic framework for classifying and understanding different types of goods based on rivalry, excludability, and consumption characteristics
Usage Guidelines
- Use for content discussing economic classification of goods (public, private, club, common)
- Apply to theoretical analysis of good properties and characteristics
- Tag discussions of rivalry, excludability, and consumption patterns
- Use when examining new or hybrid categories of goods
Used In Content Types
Goods Theory
Description
Goods theory provides the economic framework for understanding and classifying different types of goods based on their fundamental characteristics. The traditional classification considers rivalry (whether one person's consumption prevents another's) and excludability (whether access can be restricted).
Key classifications:
- Private Goods: Rival and excludable (typical market goods)
- Public Goods: Non-rival and non-excludable (national defense, lighthouses)
- Club Goods: Non-rival but excludable (streaming services, private parks)
- Common Pool Resources: Rival but non-excludable (fisheries, atmosphere)
This tag should be used when discussing:
- Theoretical frameworks for understanding goods characteristics
- Classification systems and their limitations
- New or hybrid categories of goods (like antirival goods)
- Co-goods and their place in goods theory taxonomy
Notes
Traditional goods theory provides the foundation for understanding co-goods, but may need expansion to accommodate new categories like antirival goods that don't fit neatly into existing classifications.
Template Version: 1 Created: 2025-09-11 Last Updated: 2025-09-11
Evolution Notes
Created to support Olleros antirival goods analysis
Editor: pontus-karlsson
Created: 2025-09-11
Last Updated: 2025-09-11