The utility from some commodities depends on the allocation rule used to distribute them because, by the acquisition of such a commodity, a person tries to gain "association" with its other recipients. Such a commodity is called an association good and it is shown that its existence can jeopardize the economist's standard model of markets. For example, demand may not equal supply in equilibrium and the very use of the price mechanism to distribute an association good could diminish its value. These and other properties are illustrated by analyzing some specific association goods, like club memberships and school admissions. Copyright 1989 by Royal Economic Society.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 41 (1989) Issue (Month): 4 (October) Pages: 653-71 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF
Handle: RePEc:oup:oxecpp:v:41:y:1989:i:4:p:653-71
Contact details of provider: Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK Fax: 01865 267 985 Email: Web page: http://oep.oupjournals.org/
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Related research
Keywords:
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)