Construct · 1 fields · 1 citations

economic theory of clubs: a standalone construct

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Public choice

the analysis of goods that are shared by a voluntary group, where the optimal membership size balances cost sharing against crowding.

In public choice, economic theory of clubs refers to the analysis of goods that are shared by a voluntary group, where the optimal membership size balances cost sharing against crowding. This meaning comes from Buchanan (1965) in Economica.[1]

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Nearby constructs

club theory of voluntary programs1 fields · 1 citationsanchor · a standalone construct cost4 fields · 4 citationsjingle · one word, four constructs crowding5 fields · 7 citationsjingle · one word, five constructs

References

Buchanan, J. M. (1965). An Economic Theory of Clubs. Economica, 32(125), 1. https://doi.org/10.2307/2552442

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