Public Goods, Externalities and the City

Pablo Guillen; Urša Komac

doi:10.1007/978-981-15-5741-5_4

Public Goods, Externalities and the City

Pablo Guillen, Urša Komac

School of Engineering, Design & Built Environment

University of Sydney

Research output: Chapter in Book / Conference Paper › Chapter › peer-review

Abstract

We explain the concept of public goods as understood in economics. That is, non-rivalrous and non-excludable goods as opposed to rivalrous and excludable private goods. We also explain the concept of externality as the effect on society as a whole. We show how markets cannot effectively provide neither public goods nor goods that involve externalities. We argue that cities, as a tangle of public goods and externalities, need effective governance and thus regulation.

Original language	English
Title of host publication	SpringerBriefs in Architectural Design and Technology
Publisher	Springer
Pages	11-13
Number of pages	3
DOIs	https://doi.org/10.1007/978-981-15-5741-5_4
Publication status	Published - 2020

Publication series

Name	SpringerBriefs in Architectural Design and Technology
ISSN (Print)	2199-580X
ISSN (Electronic)	2199-5818

Bibliographical note

Publisher Copyright:
© 2020, The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd., part of Springer Nature.

Keywords

Externalities
Non-market provision
Public goods

Access to Document

10.1007/978-981-15-5741-5_4

Cite this

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Public Goods, Externalities and the City

Abstract

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Bibliographical note

Keywords

Access to Document

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