Public goodsGoods where access to the good cannot be restricted and where use by one individual does not reduce availability to others. See also: Environmental Public Goods More are non-rival (they cannot be exhausted) and non-excludable (there are no boundaries). An environmental example in the Contracts2.0 context is an open and beautiful landscape which can be enjoyed by one person without compromising someone else’s use and for which it is difficult to exclude someone from enjoying it. Environmental public goodsGoods where access to the good cannot be restricted and where use by one individual does not reduce availability to others. See also: Environmental Public Goods More are typically underprovided by markets.
See also: Public good
