The Sustainable Provision of Environmental Services by Philipp Aerni

Author:Philipp Aerni
Language: eng
Format: epub
Publisher: Springer International Publishing, Cham

4.Its implicit assumption that public goods must be exclusively managed by the public sector because they are non-rival (can be used by many without losing value) and non-excludable (cannot exclude individuals from their use), is flawed. First, almost all public goods created by governments are funded with tax revenues by the residents of the country that make use of the goods. Second, the private sector is also producing positive externalities for society that have public-good character (e.g., more choice, employment, technological innovation, wealth and the more efficient use of natural resources) and technological evolution makes it increasingly effective to let the private sector help manage public goods (Heal 1999). The concept ignores the fact that positive and negative externalities are general by-products of any human action no matter whether it is a public or private sector action (Buchanan and Tullock 1962).

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