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Providing Global Public GoodsManaging Globalization$
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Inge Kaul

Print publication date: 2003

Print ISBN-13: 9780195157406

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0195157400.001.0001

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Assessing the Optimal Provision of Public Goods: In Search of the Holy Grail

Assessing the Optimal Provision of Public Goods: In Search of the Holy Grail

Chapter:
(p.131) Assessing the Optimal Provision of Public Goods: In Search of the Holy Grail
Source:
Providing Global Public Goods
Author(s):

Todd Sandler

Publisher:
Oxford University Press
DOI:10.1093/0195157400.003.0006

Develops two typologies of global public goods, and explains how issues of publicness relate to issues of production level and efficiency. It begins by examining the main classes of public goods from the viewpoint of how the nature of their benefits could affect the prognosis for their provision. It shows that judging provision efficiency becomes more complex when technologies of supply aggregation are taken into account. It then discusses two additional, special classes of public goods—club goods and joint products. On the basis of this analysis, the chapter suggests a few measures that could be employed in judging optimal provision, a discussion that leads to the two typologies, and is useful for supply prognoses. Finally, it searches for the Holy Grail: an empirical measure of optimality.

Keywords:   club goods, efficiency, global public goods, joint products, optimality

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