I We may learn a lot by studying "merit goods
," he writes, referring to goods that are deemed "loathsome to price.
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
But, obviously the RNR cannot be applied to all goods and services as some are merit goods
and some are demerit goods.
He then presents a special account of merit goods
, which he deems a special account of a service category of outstanding policy relevance.
It represents one of only five merit goods
in the world.
Ethical Dimensions of the Economy: Making Use of Hegel and the Concepts of Public and Merit Goods
Affordability standards are frequently used in making food and housing policy, but both empirically and theoretically health care operates quite differently than these other merit goods
Again in contrast, a specific purpose transfer should be favoured if the source of regional inequality lies in subnational spending on certain merit goods
(such as education or health care), rather than in revenue raising capacities.
may include both private and public goods if the free market or a political decision process based on individual preferences, respectively, would not result in a sufficient supply of the good being produced and adequately distributed.
have the additional characteristic that if they were not provided by the government some people would not or could not acquire them on their own.
The empowered committee of state finance ministers has proposed that the United States have the option to either exempt specific food grain from VAT or levy the merit goods
rate of 4%, considering their socially sensitive nature.
The pioneering studies of Bernheim, Shleifer, and Summers (1985) and Cox (1987) further argue that intergenerational transfers are related to the exchange between parent and a child for family-specific merit goods
such as child companionship or services.