Taxonomy and Aggregates (public goods) Flashcards
summation: Pure public good (nonrival and nonexcludable)
undersupplied, ex. curbing climate change due to global warming
weighted sum: Pure public good (nonrival and nonexcludab
undersupply dependent on agent specific benefits and actions, reducing acid rain
weakest link: Pure public good (nonrival and nonexcludab
efficient for homogenous group, spending capacity concern: disease containment
weaker link Pure public good (nonrival and nonexcludab
efficient for a homogenous group, less spending capacity concern,i.e. limiting financial instability
best shot Pure public good (nonrival and nonexcludab
undersupply or efficient supply, coordination issue i.e. neutralising a rogue country
better shot: Pure public good (nonrival and nonexcludable
undersupply or efficient supply coordination issue is less worrisome. i.e. developing treatment regimes.
aggregate tech forms
summation, weighted sum, weakest link, weaker link, best shot, better shot
summation impure public good (partial rivalry and partial excludability)
overuse, undersupplied- deterrence against terrorism
weighted sum impure public good (partial rivalry and partial excludability)
overuse/undersupplied with agent-specific benefits important: cleansing an oil spill
weakest link impure public good (partial rivalry and partial excludability)
overuse/some undersupply even for homogenous groups owing to crowding i.e. limiting money laundering
weaker link impure public good (partial rivalry and partial excludability)
overuse/ some undersupply; coordination issue (intelligence on international crime)
better shot impure public good (partial rivalry and partial excludability)
overuse/ some undersupply coordination issue is less of a concern, (compiling databases)
summation club good (partial rivalry and excludable)
efficient supply (transnational canal/waterway)
weighted club good (partial rivalry and excludable)
efficient supply (INTELSTAT)
weakest link club good (partial rivalry and excludable)
externality-based undersupply (air transport hub-spoke network)
weaker link club good (partial rivalry and excludable)
some externality based undersupply (network with redundancies)
Best shot club good (partial rivalry and excludable)
efficent supply (crisis management teams)
better shot club good (partial rivalry and excludable)
efficient supply (BSL-4 laboratory)
supporting factors for subsidiarity
matching economic/political domains=good’s marginal cost with recipients marginal benefits, limits tax spillovers to nonbeneficiaries, reduces # of participants/repeated interactions, supports evolution of institution, avoids “mission creep” of global institutions
detracting factors for subsidiarity
economies of scale favor larger jurisdiction, if goods’ spillover ranges differ and large enough economies of scope need 2 or more goods loses its’ sway, economies of learning may require oversized jurisdiction, there may not be an institution for subsidiarity, best/better shot tech may favor pooling beyond what jurisdiction of subsidiarity agrees with, or may require a larger political jurisdiction of the subsidiarity to work
global institutions UN
peacekeeping, foreign aid
global institutions World Bank
knowledge, foreign aid/financial stability
global institutions WHO
health public goods at g, TR, R &N levels
Transregional Institutions (IIRSA)
integrates energy and telecomm networks
