Difference between revisions of "Excludability"
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| − | '''Excludability''' is an [[economics|economic]] term for a [[good]] for which the owner can exclude use by others. | + | '''Excludability''' is an [[economics|economic]] term for a [[good]] for which the owner can exclude from use by others. |
| − | Examples of excludability are secrets, tickets, patents, trademarks | + | Examples of excludability are secrets, tickets, patents, trademarks 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> | Excludability is essential in determining whether a [[nonrival good]] will be produced.<ref>http://www.economicprincipals.com/issues/06.11.12.html</ref> | ||
Latest revision as of 15:20, July 18, 2016
Excludability is an economic term for a good for which the owner can exclude from use by others.
Examples of excludability are secrets, tickets, patents, trademarks and copyrights.
Excludability is essential in determining whether a nonrival good will be produced.[1]