11 Public Goods and Common Resources

A photo of a flyover under construction.

Should America spend more on transportation infrastructure?

Chapter Checklist

When you have completed your study of this chapter, you will be able to

  1. 1 Distinguish among private goods, public goods, and common resources.

  2. 2 Explain the free-rider problem and how public provision might help to overcome it and deliver an efficient quantity of public goods.

  3. 3 Explain the tragedy of the commons and review its possible solutions.

MyEconLab Big Picture Video

Get Foundations of Economics, 8th Edition now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.