Hello folks, we just got to do this and noone show us how to do it :D welcome on high school in slovakia :D i would appreciate if you could help me :D thnx Adam and Eve consume a private (S, price PS=1) and a public good (V, PV=1). While Adam benefits more from the public good, Eve benefits more from the private good. They each have an income of 100. Their budget constraint is S+P=100 1. Define the utility function for Adam and Eve for each of the goods. 2. How much public good will be provided in the social optimum for the community of Adam and Eve? 3. Eve decides not to contribute to the public good - how much will be produced if Adam has a great interest in producing the good? 4. Peter moves into the community, who is interested in the production of a public good and used to contribute to it. How will the willingness to provide a public good in the community change, explain. 5.Define a public good and the behavioral interventions that a public government can use to promote its optimal consumption
I was having such a hard time learning this; the terminology was making me nuts. Thank you for an incredibly clear and concise video it was so helpful!!
Thank you, I was struggling with this, you are rescuing those who wished to study economics, and live a country where that is not accessible or not a developed knowledge in higher institutions. Respect :)
This is very well made but there are a few conceptual errors. We pay for things because they are excludable, not the other way around as suggested in the video- that's an important point. Also wifi signals are in their "natural state" are as non-excludable a public road. A public road can also become excludable- a toll road. So we need to deal with goods in their "natural state" before we add in concepts like wifi passwords and toll booths. The fishing resource is also complicated- while we don't have a fleet to follow them around, we have fishing licenses and international borders. In many cases, fishing resources not in international waters are protected and there is a mechanism to enforce the laws (not easy of course, which is why it is relatively non-excludable, but contradicts the example given.
Land is a common good. Regardless of who owns it, we have to occupy land to live and produce wealth. Cyberspace and the electromagnetic spectrum are also included into the economic definition of land.
Dear Conservation Strategy Fund, I need to make a animated video for school. What site did you use to make this because it looks relatively easier then other sites i've tried?
It seems like it is not only about rules since, no matter what rules you establish, you can't defend your whole nation except for that 01 inner city that decided to not pay up.
I'm here for last minutes study 😂 thanks
Same here haha
I'm here 15 minutes before a quiz for it haha
same lol in 3 hours
Is there any difference between non excludable and non rival... kindly help
Finally an understandable clear video about Public Goods, thank you so much sir! You don't make things so confusing
+MRGMAN234 You are very welcome! We're happy to hear we could make the subject matter of Public vs. Private Goods digestible.
Gentle reminder for iim sirmaur students- Sleep well and stay hydrated
My teacher sent me this haha
This video helped me allot with my first course preparation. I'll be teaching my first class of economics next week :)
Great video!
Hello folks, we just got to do this and noone show us how to do it :D welcome on high school in slovakia :D i would appreciate if you could help me :D thnx
Adam and Eve consume a private (S, price PS=1) and a public good (V, PV=1). While Adam benefits more from the public good, Eve benefits more from the private good. They each have an income of 100. Their budget constraint is S+P=100
1. Define the utility function for Adam and Eve for each of the goods.
2. How much public good will be provided in the social optimum for the community of Adam and Eve?
3. Eve decides not to contribute to the public good - how much will be produced if Adam has a great interest in producing the good?
4. Peter moves into the community, who is interested in the production of a public good and used to contribute to it. How will the willingness to provide a public good in the community change, explain.
5.Define a public good and the behavioral interventions that a public government can use to promote its optimal consumption
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This is such a great video yet so underwatched
3:39 is such a great example. LMAO
+sh o (Gummy) We couldn't agree more!
sh o LMLMALMAO
I was having such a hard time learning this; the terminology was making me nuts. Thank you for an incredibly clear and concise video it was so helpful!!
OMG thank you!!!! Such an informative video..
Best video on excludable and rivalry!
We're so happy to hear this! We couldn't agree more!
Thank you, I was struggling with this, you are rescuing those who wished to study economics, and live a country where that is not accessible or not a developed knowledge in higher institutions. Respect :)
it is so clear. thank you
WOW YOU ARE AMAZING, GREAT VIDEO, THANK YOU SO MUCH
Sir please explain in hindi
finally an understandable version!!
thanx a bunch :))
+bizhat We're happy to help! Thanks for watching :)
Very clear, engaging presentation. Showing it to my AP Micro class. Grade = A+
what is this education
this is cutest video! couldn't think of any better way to learn this....thanx so much
+190miranda You're very welcome!
Well done! Thank you!
This is very well made but there are a few conceptual errors. We pay for things because they are excludable, not the other way around as suggested in the video- that's an important point. Also wifi signals are in their "natural state" are as non-excludable a public road. A public road can also become excludable- a toll road. So we need to deal with goods in their "natural state" before we add in concepts like wifi passwords and toll booths. The fishing resource is also complicated- while we don't have a fleet to follow them around, we have fishing licenses and international borders. In many cases, fishing resources not in international waters are protected and there is a mechanism to enforce the laws (not easy of course, which is why it is relatively non-excludable, but contradicts the example given.
Land is a common good. Regardless of who owns it, we have to occupy land to live and produce wealth. Cyberspace and the electromagnetic spectrum are also included into the economic definition of land.
thanks a lot !!!
So nice video, very interesting and understandable. Thanks a lot, you save my exam❤❤❤
Types/levels of Public Goods 3:52
The narrator in this video is greatest I mean how he was picking up and solving technical query shows how curious he is.
Finally I'm understand about public goods. Well explain sir. I will use this details for my assignment.
Dear Conservation Strategy Fund,
I need to make a animated video for school. What site did you use to make this because it looks relatively easier then other sites i've tried?
It seems like it is not only about rules since, no matter what rules you establish, you can't defend your whole nation except for that 01 inner city that decided to not pay up.
great vid
I was contemplating to watch the video, but I did anyway. It has the best explanation about on rivalry and excludability... thank you sm
This is a PHENOMENAL video, thank you so much
thank you for your videos. it helps me understand quickly before I dive into journals (and helps me see if I would need to dive into them).
thank you for such a wonderful presentation. Got to learn lots of things. can you send or refer me some reading materials on this topic
Wow the way of your teaching and this animation is both are too good...I got the things understand in just few minutes...
Excellent video, thank you.
its just awesome easily understandable !!!!!!
he speaks too fast, hardly to understand but thanks anyway
Thank you for the brilliant explanation!
Having to write a paper on this, gave me some great examples thanks
Pranav class is very helpful
Omg this vid made is so easy to me to understand i luv this
Fransiskus y.ano
thanks you.
Obrigado por compartilhar conhecimento conosco.
great video without doubt
This is so good! Can you do one for monopoly power?
Nice thank you so much
Wow!!!! Thank you so much
Great vid, thanks
This is beautiful
mantul
this place!
thanks
This is so good
So good
apa cuma gue yang kesini karena tugas tuton?
Mintol translete mbak, dikasih link sama dosen, tapi aku gapaham mbak