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Roads and Transport are Private Goods
Author(s) -
Roth Gabriel
Publication year - 1986
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1986.tb01753.x
Subject(s) - public good , economics , business , commerce , market economy , neoclassical economics
Decades of economics teaching have held that the provision of roods and transport is a public good from which free‐riders connof be excluded, and must therefore be provided by the stote. Gabriel Roth, fromerly at the World Bonk and now on infernational consultant on privatisation, demonstrates how, even in the poorer areas of the world, the market is providing roods and transpon alike. Technological advance has brought pricing for roads into economic reality.