Positive Externalities and Public Goods
Learn about positive externalities, public goods, and government policies to support innovation, human capital, research and development, and public health programs while exploring key concepts and examples of common resources and the “tragedy of the commons.”
Introduction to Positive Externalities and Public Goods
Why the Private Sector Under Invests in Innovation
The Positive Externalities of New Technology
Why Invest in Human Capital?
Other Examples of Positive Externalities
Key Concepts and Summary
Intellectual Property Rights
Policy #1: Government Spending On Research and Development
Policy #2: Tax Breaks For Research and Development
Policy #3: Cooperative Research
Key Concepts and Summary
Public Goods
The Definition of a Public Good
The Free Rider Problem of Public Goods
The Role of Government in Paying For Public Goods
Common Resources and the "Tragedy of the Commons"
Positive Externalities in Public Health Programs
Key Concepts and Summary