Rivalrous

(adjective)

A good whose consumption by one consumer prevents simultaneous consumption by other consumers.

Related Terms

  • Excludable

Examples of Rivalrous in the following topics:

  • Private Goods

    • In economics, a private good is defined as an asset that is both excludable and rivalrous.
    • Additionally, the private good is rivalrous in that its consumption by one person necessarily prevents consumption by another.
    • It is both excludable and rivalrous.
  • Defining a Good

    • There are four types of goods in economics, which are defined based on excludability and rivalrousness in consumption.
    • National defense also provides an example of a good that is non-rivalrous.
    • In contrast, shoes are rivalrous.
    • There are four categories of goods in economics, based on whether the goods are excludable and/or rivalrous in consumption.
  • Public Goods

    • A public good is a good that is both non-excludable and non-rivalrous.
    • Pure public goods are those that are perfectly non-rivalrous in consumption and non-excludable.
  • The Free-Rider Problem

    • Public goods, as you may recall, are both non-rivalrous and non-excludable.
    • National security is a public good: it is both non-rivalrous and non-excludable.
  • Demand for Public Goods

    • Public goods are non-rivalrous, so everyone can consume each unit of a public good.
  • Digital Media and Intellectual Property Issues

    • They argue such an analogy fails because physical property is generally rivalrous, while intellectual works are non-rivalrous (that is, if one makes a copy of a work, the enjoyment of the copy does not prevent enjoyment of the original).
  • Natural Resource Market

    • Public goods, like air and riverways, are non-excludable and non-rivalrous.
  • The Tragedy of the Commons

    • Common goods are goods that are rivalrous and non-excludable.
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