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Public Goods, Efficiency and Environmental Statistics

In: Econometric Contributions to Public Policy

Author

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  • R. U. Ayres

    (International Research And Technology Corporation)

Abstract

According to the announcement for this conference the general subject area of this paper is ‘Environmental Policy and Public Goods’. The term ‘public good’ is, of course, not a synonym for ‘public welfare’, but rather an antonym for ‘private good’. And what is a ‘good’? In the sometimes peculiar jargon of economics, the word connotes nothing of inherent virtue: basically, a ‘good’ is anything tangible that conveys a ‘service’ to a ‘consumer’. A consumer, by the way, does not physically ‘consume’ anything except air, drinking water and food. For the rest, consumption is essentially a process of exhausting the utility of goods by extracting services from them. The material object, itself, is discarded.

Suggested Citation

  • R. U. Ayres, 1978. "Public Goods, Efficiency and Environmental Statistics," International Economic Association Series, in: Richard Stone & William Peterson (ed.), Econometric Contributions to Public Policy, chapter 16, pages 370-392, Palgrave Macmillan.
  • Handle: RePEc:pal:intecp:978-1-349-16003-7_17
    DOI: 10.1007/978-1-349-16003-7_17
    as

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