New page: Excludability is an economic term for a good for which the owner can exclude use by others. Examples of excludibility are secrets, tickets, patents, trademarks and and copyrights. Excl...
Excludability is an economic term for a good for which the owner can exclude use by others.
Examples of excludibility are secrets, tickets, patents, trademarks and and copyrights.
Excludability is essential in determining whether a [[nonrival good]] will be produced.<ref>http://www.economicprincipals.com/issues/06.11.12.html</ref>