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Problem: By now, you have become acquainted with private goods (rival and excludable), public goods (non- rival and non-excludable), and common-pool resources (rival and non-excludable). From this, it follows that there exists a fourth category, for which holds that goods are non-rival and excludable. These are called 'club goods' (or 'artificially scarce goods').
Required:
Question 1: Can you think of any examples of clubgoods?
Question 2: Can you see which problems may be either solved or, oppositely, be created, in the case of clubgoods?
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