Goods We Under-consume and Over-consume
Exploring goods that society generally wants more of (merit goods like education) or less of (demerit goods like cigarettes) due to imperfect information or societal values.
About This Topic
Exploring goods that society generally wants more of (merit goods like education) or less of (demerit goods like cigarettes) due to imperfect information or societal values.
Key Questions
- Why might people not consume enough of things that are good for them, like healthy food or exercise?
- Why might people consume too much of things that are bad for them, like sugary drinks or gambling?
- How can the government encourage or discourage the consumption of certain goods?
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