Transcript Public Goods North and Thomas II © Randall W. Stone, 2002

North and Thomas II
Public Goods
© Randall W. Stone, 2002
Public Goods & Governance
Public goods:
Examples:
• Jointness of supply
• Non-excludability
• Government
(protection, justice)
• Technology
• Enforcement of rules
© Randall W. Stone, 2002
Discussion
Come up with more examples of
public goods. What are their
political implications?
© Randall W. Stone, 2002
Global public goods
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Global financial stability
International institutions
Global environmental & resource crises
International development assistance
Arms control, non-proliferation,
collective security
© Randall W. Stone, 2002
Public goods & domestic
politics
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Lobbying (Mancur Olson)
Wage restraint
Free trade (Schattschneider)
Economic reform
“Race to the bottom” in environmental
regulation
© Randall W. Stone, 2002
Public goods & development
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Sanitation
Public health
Population control
Transportation & infrastructure
Education
Common-pool resources
© Randall W. Stone, 2002