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by silotis
166 days ago
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"Public good" is a term of art in economics which means a good is both non-excludable (it is impractical to control who benefits from it) and non-rivalrous (one person benefiting does not prevent others from also benefiting). Roads are clearly rivalrous and while it's often impractical to prevent non-payers from entering a toll road, one can certainly record them and met penalties after the fact to discourage it. So no, roads are not a public good. |
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You’re both right. Roads can be an impure public good.
At low traffic loading, they are not rivalrous and can be modelled as a public good. At high traffic loading they become rivalrous and thus closer to a common-pool resource.
If roads are made excludable, they resemble a club or even private group.