March 14, 2018
March 06, 2018
What is Gross Domestic Product (GDP)?
February 20, 2018
How marginal utility affects consumer choice
February 14, 2018
What economists mean by ‘signaling’
February 07, 2018
Some solutions to moral hazard
January 30, 2018
What is moral hazard?
January 23, 2018
Asymmetric information in health insurance
January 16, 2018
Asymmetric information and used cars
January 09, 2018
The tragedy of the commons
January 02, 2018
Why entrepreneurs want to turn public goods into club goods
Note: This is post #62 in a weekly video series on basic microeconomics.
Club goods are goods that are nonrival and excludable, says economist Alex Tabarrok. For instance, HBO is a club good, as you need to pay a monthly fee to access HBO (excludable) but more viewers does not add to costs (nonrival). Continue Reading...