Latest Economics News
Education as a merit good
In compensating for the failure of markets to supply public andmerit goods, central and local…
Merit goods and positive consumption externalities
With education, few students will know with any precision the benefit to themselves…
The supply of merit goods
Economic theory predicts that while markets may form to supply some merit…
Merit goods
The market for merit goods is an example of an incomplete market. Merit goods have two…
Quasi public goods
The market for quasi-public goods is an important example of an incomplete…
Index numbers
Economists frequently use index numbers when making comparisons over time. An index…


