The Socially Optimal Provision of Public Goods

This video shows how to find the socially efficient/optimal quantity of a public good, a good that is nonexcludable (nonpayers cannot be prevented from using the good) and nonrival (one person's use of a good does not affect another person's use of the same good).

• #education
• #public_good
• #economics_of_public_goods
• #socially_optimal_public_good