For example, ordinary citizens regard an appendectomy as health care that is a merit good
We get leaders we deserve, and good citizens will merit good
All the children of the nation are our children who merit good
education and care, the most important things and the bases for everything," HM the King said.
Policymakers are concerned about whether a household can afford to purchase a pre-defined quantity of a merit good
The marginal utility of consumption of either the private good or the merit good
is positive but diminishing.
I will argue that the three economic concepts of public, private and merit good
are ideal concepts that can be more or less present in an economic event, that an economic event can embody characteristics of more than one ideal concept, and that the ideal concept of public good consists of two basic characteristics to which the economic profession has pointed by many different descriptions (I counted thirteen of them).
It then presents 17 papers in which other economists discuss the definition of merit good
and its characteristics, explore its justifications, consider its proper domain, and introduce mathematical models of merit good
of a merit good
by demonstrating not only that Musgrave's original intuition
Congress seems to have decided that saving for retirement is a merit good
that should be encouraged.
Musgrave's concept of merit good
can be interpreted to capture this idea.
The ecological pillar of sustainability is built on sustained forest stands and additional ecological values such as biodiversity and protection, which are covered by the public and merit goods