What Are Merit Goods and Should Government Provide Them?

What Are Merit Goods and Should Government Provide Them? Merit goods are goods and services that are considered socially desirable and beneficial, but which tend to be under-consumed when left solely to market forces. Governments should provide or subsidize merit...

What Is the Role of User Charges in Rationing Collective Goods?

What Is the Role of User Charges in Rationing Collective Goods? User charges play a critical role in rationing collective goods by regulating demand, preventing overconsumption, improving allocative efficiency, generating revenue, and signaling the scarcity of...