club good
/ˈklʌb ˌɡʊd/
a good that is excludable but non-rivalrous
club good in a sentence
“Streaming services are club goods.”
Origin of club good
From club + good, economic terminology
Related Words
common pool resource
a resource that is rivalrous but non-excludable
mechanism design
creating rules to achieve desired outcomes given strategic behavior
incentive compatibility
a system where honest behavior is in each participant's interest
social dilemma
a situation where individual rationality leads to collective irrationality
tragedy of the commons
depletion of shared resources due to individual self-interest
free rider problem
the tendency to benefit from collective goods without contributing