|Mause I 274f
Social Goods/Samuelson: Social Goods are Characterized
1. By non-rivalry: e.g. national defence: its quality is independent of how many individuals it benefits. Unlike on the market for private goods (see Markets/Economic Theories) the sum of all individuals with a marginal willingness to pay, who consume the nonrival goods together must be added up in the case of nonrivalising goods.
2. By non-exclusion: even non-paying members can consume public goods. (free rider problem).
Solution/Samuelson: Assuming there were only two goods (a social and a private one); if now the appreciation for the jointly consumed good is equated with the marginal social costs of providing this good, the Samuelson condition is obtained.
VsSamuelson: Problem: the Samuelson condition is virtually useless because the concrete values it should be fed with cannot be determined. ((s) Reason: the number of free riders is undetermined). See also Social Goods/Economic Theories._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
Paul A. Samuelson
The foundations of economic analysis Cambridge 1947
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018