Rivalrous

Examples of Rivalrous in the following topics:

• Private Goods

  • In economics, a private good is defined as an asset that is both excludable and rivalrous.
  • Additionally, the private good is rivalrous in that its consumption by one person necessarily prevents consumption by another.
  • It is both excludable and rivalrous.

• Defining a Good

  • There are four types of goods in economics, which are defined based on excludability and rivalrousness in consumption.
  • National defense also provides an example of a good that is non-rivalrous.
  • In contrast, shoes are rivalrous.
  • There are four categories of goods in economics, based on whether the goods are excludable and/or rivalrous in consumption.

• Public Goods

  • A public good is a good that is both non-excludable and non-rivalrous.
  • Pure public goods are those that are perfectly non-rivalrous in consumption and non-excludable.

• The Free-Rider Problem

  • Public goods, as you may recall, are both non-rivalrous and non-excludable.
  • National security is a public good: it is both non-rivalrous and non-excludable.

• Demand for Public Goods

  • Public goods are non-rivalrous, so everyone can consume each unit of a public good.

• Digital Media and Intellectual Property Issues

  • They argue such an analogy fails because physical property is generally rivalrous, while intellectual works are non-rivalrous (that is, if one makes a copy of a work, the enjoyment of the copy does not prevent enjoyment of the original).

• Natural Resource Market

  • Public goods, like air and riverways, are non-excludable and non-rivalrous.

• The Tragedy of the Commons

  • Common goods are goods that are rivalrous and non-excludable.