What Is the Economic Case for Government Provision of Education?

What Is the Economic Case for Government Provision of Education? The economic case for government provision of education rests on the presence of positive externalities, market failures, equity considerations, merit good characteristics, information asymmetry, and...

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...