Day: August 1, 2019

@BernieSanders on the Soviet Union Press Conference 06 13 1988

Forthcoming: Why Consider the Lighthouse a Public Good?

Vincent Geloso

Last week, I received news that the International Review of Law and Economics accepted my paper (co-authored with Rosolino Candela) titled “Why Consider the Lighthouse a Public Good?”. The abstract is below and I will update this blog post to add the link to the article once it is online:

Was the lighthouse ever a public good? The lighthouse is presented as the quintessential public good as it was inherently non-excludable and non-rivalrous. Since the work of Ronald Coase (1974) on the lighthouse, economists have used debated the extent to which the private provision of public goods is possible. In this work, we highlight recent findings in the history of lighting services (especially private provision of said services) in order to argue that it may be incorrect to consider the lighthouse as a public good. First, we argue that lighthouses are probably better seen as a complement to other maritime…

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