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Merit good - Wikipedia, the free encyclopedia
The concept of a merit good introduced in economics introduced by Richard Musgrave (1957, 1959) is a commodity which is judged that an individual or society should have on the basis of some concept ...
en.wikipedia.org/wiki/Merit_good |
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With merit goods - the state is concerned with maximising the consumption of certain goods which it deems to be desirable; goods and services where the social benefits exceed the private benefits, e.g. Education and Healthcare are assumed to generate positive externalities.
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merit pay ... Search for "merit goods" in all of MSN Encarta ... mer·it goods...
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In this paper, I will examine articles by a variety of economists and non-economists. These articles range from economic theory to a feminist critique of philosophy, but they all involve some measure of application of the merit goods concept, implicitly or explicitly. Through this examination, I will show that...
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CiteSeerX - Document Details (Isaac Councill, Lee Giles): This paper deals with optimal taxation in a two-class economy with two private commodities and labour. ... We derive optimal nonlinear income and linear commodity taxes in the presence of merit goods. We formulate merit good arguments via a pathology of individual...
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This paper discusses the issues of inefficiency in the provision of merit goods, taking the case of public water supply in rural Kerala. The analysis has identified two source of inefficiency in the provision of merit good.
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Such arguments are often employed in an effort to justify government intervention in the market place to provide such alleged merit goods to the citizenry, either through direct government provision of the good at no cost to the consumer or through payment of tax-financed government subsidies that enable private...
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