Club good
Club goods are a type of goods in economics, sometimes classified as a subtype of public goods, that are excludable but non-rivalrous – at least until reaching a point where congestion occurs.
Examples of club goods would include private golf courses, cinemas, cable television, and the services provided by social or religious clubs to their members.
| Classic division of goods in economics</font> | Exclusion from consumption (excludability) | ||
| YES | NO | ||
| Competition in consumption (diminishability) | YES |
private good: food, clothing, toys, furniture, cars |
common good or common property resource: natural environment, free-range fish in the sea |
| NO |
club good: private golf courses, cinemas, cable television, club services |
public good: national security (army and police forces) |
|
External sources
- EconPort Classification Table for Types of Goods
- James M. Buchanan "An Economic Theory of Clubs." Economica 32 (February 1965): 1–14.
Categories: Economics and finance stubs | Goods