What characteristics distinguish this type of good from others?

Use the text and your notes to answer the following questions. a. What type of good is uncongested p Show more Use the text and your notes to answer the following questions. a. What type of good is uncongested public parkland? What characteristics distinguish this type of good from others? b. Do you expect an efficient amount of uncongested parkland to be available in a community of people with heterogeneous preferences? (Define what you mean by efficient.) Why or why not? c. What is a Tiebout equilibrium? How might the concept of a Tiebout equilibrium apply to uncongested public parkland? Does a Lindahl equilibrium have any relevance to the distribution of parkland we observe across communities? d. Does income distribution affect the amount of public parkland in communities? e. Private conservancies have been established in some locations to support public parks with private charitable donations. The Central Park Conservancy in Manhattan and the Prospect Park Conservancy in Brooklyn are two examples of very successful public-private partnerships. Private money has transformed both parks into wonderful places. Roger Williams Park has a conservancy or at least the beginnings of one. Would you expect the same private support to be offered for Roger Williams Park in Providence as offered for these New York City parks? Why? Show less

QUICK QUOTE

Approximately 250 words