Wednesday, July 05, 2006
The bombs bursting in air...
Are fireworks a public good?
If not, why do they appear to be treated as such?
Just an observation from the holiday season....
If not, why do they appear to be treated as such?
Just an observation from the holiday season....
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Also, adding one more person to the audience at a fireworks show costs nothing.
Therefore, fireworks meet all the conditions of a public good.
However, private companies provide fireworks displays all the time. Disney, for example, has one every night. I don't think there would be any lack of fireworks if government got out of the business.
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Therefore, fireworks meet all the conditions of a public good.
However, private companies provide fireworks displays all the time. Disney, for example, has one every night. I don't think there would be any lack of fireworks if government got out of the business.
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