Club good
Encyclopedia
Club goods are a type of good 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. These goods are often provided by a natural monopoly
.
Examples of club goods include private golf course
s, cinemas
, cable television
, access to copyright
ed works, and the services provided by social or religious club
s to their members. The EU is also treated as a club good.
Analyzing Ultra-Orthodox Jews in Israel, economist Eli Berman
writes:
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
, sometimes classified as a subtype of public goods that are excludable but non-rivalrous, at least until reaching a point where congestion
Congestion
Congestion generally means excessive crowding.Congestion may refer to:* congestion in heart failure, a term to describe low cardiac output seen in heart failure.* Nasal congestion, the blockage of nasal passages due to swollen membranes...
occurs. These goods are often provided by a natural monopoly
Natural monopoly
A monopoly describes a situation where all sales in a market are undertaken by a single firm. A natural monopoly by contrast is a condition on the cost-technology of an industry whereby it is most efficient for production to be concentrated in a single form...
.
Examples of club goods include private golf course
Golf course
A golf course comprises a series of holes, each consisting of a teeing ground, fairway, rough and other hazards, and a green with a flagstick and cup, all designed for the game of golf. A standard round of golf consists of playing 18 holes, thus most golf courses have this number of holes...
s, cinemas
Movie theater
A movie theater, cinema, movie house, picture theater, film theater is a venue, usually a building, for viewing motion pictures ....
, cable television
Cable television
Cable television is a system of providing television programs to consumers via radio frequency signals transmitted to televisions through coaxial cables or digital light pulses through fixed optical fibers located on the subscriber's property, much like the over-the-air method used in traditional...
, access to copyright
Copyright
Copyright is a legal concept, enacted by most governments, giving the creator of an original work exclusive rights to it, usually for a limited time...
ed works, and the services provided by social or religious club
Club
A club is an association of two or more people united by a common interest or goal. A service club, for example, exists for voluntary or charitable activities; there are clubs devoted to hobbies and sports, social activities clubs, political and religious clubs, and so forth.- History...
s to their members. The EU is also treated as a club good.
Analyzing Ultra-Orthodox Jews in Israel, economist Eli Berman
Eli Berman
Eli Berman is the Research Director for International Security Studies at the UC Institute on Global Conflict and Cooperation and since 2010 a Professor of economics at UC San Diego...
writes: