Tag Archives: classic solutions
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Public Goods & Suppy of Warning System
COLLOQUIUM April 1, 2005
In accordance with standard economic principles, an all-hazards early warning system is a public good that is both non-rivalrous (consumption by one economic agent does not prevent consumption by another) and non-excludable (a user cannot be excluded from consuming the good without significant effort) in nature. Given these characteristics and the related [...]
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