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 leaders.
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 features.
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.
